QUESTION 7 Merkle-Harry-Royal Arranged alphabetically below, the following stockholders' equity accounts were reported in the ledger of Merkle-Harry-Royal at January 31, 2019. Common Stook ($3 Statedvalue) $2,700,000 Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 610,000 780,000 Proferred Stock (8%, S50 par, noncurmulativel Retained Earnings Treasury Stock-Common (12,000 shares) , 550,000 5,911,000 00,000 Prepare the stockholders' equity section of the balance sheet at January 31, 2019 for Morkde-Harry-Royal. QUESTION 9 v Question Completion Status On January 31, 2020, Paulk Stockholders' equity Paid-in capital Common stock, $5 par, 120,000 outstanding Paid-in capital in excess of par Total paid-in capital $600,000 150,000 $750,000 Retained earnings Total stockholders' equity 150.000 900.000 During 2020 >>>On June 30, 2020, the board of directors of PaulKlein Corporation declared a 15% stock dividend, payable on July 31, 2020. to stockholders of record on July 15, 2020. The fair value of PaulKlein Corporation's stock on June 30, 2020, was $20. >On December 1, 2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. PaulKlein Corporation's stock was selling for $24 on December 1, 2020, before the stock spit was declared. Par value of the stock was adjusted. Net income for the fiscal year ended January 31, 2021 was $390.000 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. tb) Determine the amounts that would appear in the stockholders equity section for Pauliein Corporation at fiscal year-end, January 31, 2021 ior 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. Pertained earnings 6. Total stockholders' equity