Squash Delight Inc. has the following balance sheet:

Assets
Cash	$	35,000
Accounts receivable		290,000
Fixed assets		721,000
Total assets	$	1,046,000
Liabilities
Accounts payable	$	334,000
Notes payable		57,000
Common stock (140,000 shares @ $2 par)		280,000
Capital in excess of par		100,000
Retained earnings		275,000
Total liabilities & owners' equity	$	1,046,000

The firms stock sells for $10 a share. a. Show the effect on the capital accounts of a two-for-one stock split.

	Effect of Stock Split
Common stock
Capital excess of par
Retained earnings
Total equity