Squash

Squash Delight Inc. has the following balance sheet Assets Cash Accounts receivable Fixed assets $70,000 257,000 792,000 Total assets $1,119,000 Liabilities Accounts payable Notes payable Common stock (80,000 shares @ $2 par) Capital in excess of par Retained earnings $ 295,000 51,000 160,000 100,000 513,000 Total liabilities & owners' equity $ 1,119,000 The firm's stock sells for $13 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 Split Common stock Capital excess of par Retained earnings Total equity