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7) On August 10, 2020, Geller, Inc.'s board of directors declared a 3-for-1 stock split of its $9 par value common stock, of which 400,000

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7) On August 10, 2020, Geller, Inc.'s board of directors declared a 3-for-1 stock split of its $9 par value common stock, of which 400,000 shares were authorized and 125,000 were issued and outstanding. The market value on that date was $60 per share. On the same date, the balance of additional paid- in capital was $3,000,000, and the balance of retained earnings was $3,250,000. Prepare the stockholders' equity section of the company's balance sheet BEFORE and AFTER the stock split. MUST be formally written as shown in the homework example to receive full credit

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