Kiefer Showbiz, Inc., had the following stockholders' equity at May 31:

On June 7, Kiefer split its \(\$ 2\) par common stock 4 for 1. Make the necessary entry to record the stock split, and prepare the stockholders' equity section of the balance sheet immediately after the split.

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Common stock, $2 par, 200,000 shares authorized, 50,000 shares issued......... Paid-in capital in excess of par. Retained earnings...... Total stockholders' equity.. $100,000 180,000 210,000 $490,000