Pharoah Company's stockholders equity section at December 31, 2019.pears below $900.000 Stockholder's equity Pald-in capital Common stock. $10 par 90,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity 174.000 $1,074,000 160.000 $1.234,000 On June 30, 2020, the board of directors of Pharoah Company declared a 15% stock dividend payablo on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Pharoah Company's stock on June 30, 2020, was $16. On December 1, 2020, the board of directors declared a 2.for i stock split effective December 15, 2020 Pharoah Company's stock was selling for $18 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $226,000 and there were no cash dividends declared. Question 25 of 25 ALGUNS and Expo -/15 E UTE LUN