Jungle Corporations stockholders equity section at December 31, 2017 appears below:

Stockholder's 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, 2018, the board of directors of Kenner Corporation declared a 15% stock dividend, payable on July 31, 2018, to stockholders of record on July 15, 2018. The fair value of Kenner Corporations stock on June 30, 2018, was $15. On December 1, 2018, the board of directors declared a 2 for 1 stock split effective December 15, 2018. Jungle Corporations stock was selling for $20 on December 1, 2018, before the stock split was declared. Par value of the stock was adjusted. Net income for 2018 was $190,000 and there were no cash dividends declared.