Following is York Co. equity section as of the beginning of the year:

6% Preferred stock, $25 par, 2,000 shares issued $ 50,000

Common stock, $0.10 par, 2,500,000 sh issued & out 250,000

Paid-in capital in excess of par-common 580,000

Retained earnings 630,000

Total stockholders' equity $1,510,000

Preferred is not cumulative or participating. A dividend has not been declared.

a. Assume York declares and distributes a 2 for 1 common stock split in June. Prepare the journal entry. NO JOUNAL REQUIRED

b. How many shares are issued and outstanding at year end? 2,500,000*2 = 5,000,000 shares & out

c. What is the value of Retained Earnings immediately after the split? 630,000

d. What is the value of Total Stockholders Equity immediately after the split? 1,510,000

e. What is the par value after the split? 0.10/2 = $0.05

f. Assume net income for the year is $200,000. What is year-end Total Stockholder Equity?

g. What would change for your answers to a-f above if 10000 shares had also been repurchased in January at a cost of $10,000? What will be the dollar amount of each account and owner equity at year end?

h. What would change for your answers to a-f above if 10000 shares had also been repurchased in September at a cost of $10,000? What will be the dollar amount of each account and owner equity at year end?

NOTE: Experts need to answer questions f,g,h because a-e was answered.