A firm's balance sheet shows the following:

Cash $200,000

Total Assets $500,000

Common Stock ( 100,000 shares outstanding, $1 par) $100,000

Additional Paid-in Capital $25,000

Retained Earnings $75,000

What are :

a) the firm's liabilities

b) if the firm splits the stock two for one, what is the impact on retained earnings?

c) if the firm distributes a cash dividend of $2 per share, reconstruct the balance sheet accounts