Jungle Corporation's stockholder's equity section at December 31, 2014 appears below:

Stockholders equity

Paid in Capital

Common stock, $10 par, 60,000 outstanding $600,000

Paid in Capital in excess of par 150,000

Total paid in capital $750,000

Retained Earnings 150,000

Total Stockholder's Equity $900,000

On June 30, 2015, the board of directors of Kenner Corp declared a 15% stock dividend, payable on July 31, 2015, to stockholders of record on July 15, 2015. The fair value of Kenner Corp's stock on June 30, 2015 was $15.

On December 1, 2015 the board of directors declared a 2 for 1 stock split effective December 15, 2015. Jungle Corp's stock was selling for $20 on December 1, 2015, before the stock split was declared. Par value of the stock was adjusted. Net income for 2015 was $190,000 and there were no cash dividends declared.

Instructions

(a) Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. Show all calculations.

(b) Fill in the amount that would appear in the stockholder's equity section for Jungle Corp at December 31, 2015, for the following items: (Show all calculations)

1.Common Stock

2.Number of shares outstanding

3.Par value per share

4.Paid-in capital in excess of par

5.Retained Earnings

6.Total Stockholder's Equity