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Squash Delight Inc. has the following balance sheet Assets Cash Accounts receivable Fixed assets $90,000 307,000 782,000 Total assets S 1,179,000 Liabilitios Accounts payable Notes

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Squash Delight Inc. has the following balance sheet Assets Cash Accounts receivable Fixed assets $90,000 307,000 782,000 Total assets S 1,179,000 Liabilitios Accounts payable Notes payable Common stock (100,000 shares@$4 par) Capital in excess of par Retained eamings S284,000 51,000 400,000 100,000 344,000 Total liabilites & owners' equity s 1,179,000 The firm's stock sells for $10 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 Effect of Stock Split Common stock Capital excess of par Relained earnings Total equity

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