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a and b please 2. Kenner Corporation's stockholders' equity section at December 31, 2017 appears below: Stockholders' equity Paid-in capital Common stock, $10 par, 60,000

a and b please
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2. Kenner Corporation's stockholders' equity section at December 31, 2017 appears below: Stockholders' equity Paid-in capital Common stock, $10 par, 60,000 outstanding Paid-in capital in excess of par Total paid-in capital $750,000 Retained earnings Total stockholders' equity On June 30, 2018, the board ofdirectors of Kenner Corporation declared a 15% stock dividend, payable on July 31, 2018, to stockholders of record on July 15, 2018. The fair value of Kenner Corporation's stock on June 30, 2018, was $15. On December 1, 2018, the board of directors deciared a 2 for 1 stock split effective December 15, 2018. Kenner Corporation's stock was selling for $20 on December 1, 2018, before the stock split was declared. Par value of the stock was adjusted. Net income for 2018 was $190,000 and there were no cash dividends declared Instructions (a) Prepare the joumal entries on the appropriate dates to record the stock dividend and the stock split (b) Fill in the amount that would appear in the stockholders' equity section for Kenner Corporation at December 31, 2018, for the following items: 1. Common stock 2. Number of shares outstanding 3. Par value per share 4. Paid-in capital in excess of par 5. Retained eanings 6. Total stockholders' equity

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