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Metlock Corporation's stockholders equity section at December 31, 2019 appears below: Stockholder's equity Pald-in capital Common stock, S10 par, 56,000 outstanding $560,000 Pald.in capital in

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Metlock Corporation's stockholders equity section at December 31, 2019 appears below: Stockholder's equity Pald-in capital Common stock, S10 par, 56,000 outstanding $560,000 Pald.in capital in excess of par 140,000 Total paid-in capital Retained earnings Total stockholder's equity $700.000 180,000 $880,000 On June 30, 2020, the board of directors of Metlock Corporation declared a 20% stock dividend payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Matlock Corporation's stock on June 30, 2020, was $15. On December 1, 2020, the board of directors declared a 2 for 1 stock split etfective December 15, 2020. Matlock Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $202.000 and there were no cash dividends declared. (a) Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Fun in the amount that would appear in the stockholders' equity section for Metlock Corporation at December 31, 2020, for the following items 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 stockholders equity

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