Organic Health Co. is an HMO for businesses in the Chicago area. The following account balances appear on the balance sheet of Organic Health Co.: Common stock (250,000 shares authorized), $50 par, $150,000; Paid-In Capital in excess of par%u2014 common stock, $45,000; and Retained earnings, $1,650,000. The board of directors declared a 1% stock dividend when the market price of the stock was $69 a share. Organic Health Co. reported no income or loss for the current year.