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A firm has a balance sheet with following entries: Cash: $12,000,000 Total Liabilities : $ 32,000,000 Common Stock ( $6 par; 2,000,000 shares outstanding) $12,000,000

A firm has a balance sheet with following entries:

Cash: $12,000,000

Total Liabilities : $ 32,000,000

Common Stock ( $6 par; 2,000,000 shares outstanding) $12,000,000

Additional paid-in capital: 3,200,000

Retained earnings: 44,000,000

What will be the balance sheet entries after:

a. a three-for-one stock split?

b. $2 per share cash dividend.

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