Hayley's Optical has a stockholders' equity account as shown below. The firm's common stock currently sells for $20 per share.

Preferred Stock $500,000

Common Stock ($2,000,000 shares @ $1 par) 2,000,000

Paid-in-capital in excess of par 10,000,000

Retained Earnings11,600,000

Total stockholders' equity$24,100,000

Recast the partial balance sheet (the stockholders' equity accounts) to show a 2 for 1 stock split of the common stock.