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Please do not show work and answers in handwriting, because I do not always understand what is written. Thank you so much! Squash Delight Inc.

Please do not show work and answers in handwriting, because I do not always understand what is written. Thank you so much!

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Squash Delight Inc. has the following balance sheet Assets Cash Accounts receivable Fixed assets $ 40,000 306,000 850,000 Total assets $ 1,196,000 Liabilities Accounts payable Notes payable Common stock (100,000 shares$4 par) Capital in excess of par Retained earnings $293,000 58,000 400,000 100,000 345,000 Total liabilities& owners' equity $ 1,196,000 The firm's stock sells for $12 a share a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations and round your answers to the nearest whole dollar.) Effect of Stock lit Common stock Capital excess of par Retained earnings Total equity

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