3-9. Kenner Corporation's equity section at December 31, 2019 appears below: Equity Share capital-ordinary, $10 par, 60,000 shares outstanding Share premium-ordinary Retained earnings Total equity 10 On June 30, 2020, the board of directors of Kenner Corporation declared a 15% share dividend, payable on July 31, 2020, to shareholders of record on July 15, 2020. The fair value of Kenner Corporation's shares on June 30, 2020, was $15 per share. On December 1, 2020, the board of directors declared a 2 for 1 share split effective December 15, 2020. Kenner Corporation's shares were selling for $20 on December 1, 2020, before the share split was declared. The par value of the shares was adjusted. Net income for 2020 was $190,000 and there were no cash dividends declared. 1. Share capital-ordinary 2. Number of shares outstanding 3. Par value per share $600,000 150,000 150,000 $900,000 Instructions Fill in the amount that would appear in the equity section for Kenner Corporation at December 31, 2020, for the following items: $ $

On June 30, 2020, the board of directors of Kenner Corporation declared a 15% share dividend, payable on July 31,2020 , to shareholders of record on July 15, 2020. The fair value of Kenner Corporation's shares on June 30,2020 , was $15 per share. On December 1, 2020, the board of directors declared a 2 for 1 share split effective December 15, 2020. Kenner Corporation's shares were selling for $20 on December 1, 2020, before the share split was declared. The par value of the shares was adjusted. Net income for 2020 was $190,000 and there were no cash dividends declared. Instructions Fill in the amount that would appear in the equity section for Kenner Corporation at December 31 , 2020 , for the following items: 1. Share capital-ordinary 2. Number of shares outstanding 3. Par value per share $