Teal Mountain Corporation's stockholders equity section at December 31, 2019 appears below: Stockholders equity paid in capital common stock, $10 par, 69,000 outstanding $690,000 paid in capital in excess of par 140,000 total paid in capital $830,000 retained earnings 170,000 Total stockholders equity $1,000,000 On June 30, 2020, the board of directors of teal Mountain corporation delcared a 20% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Teal Mountain corporations stock on June 30, 2020, was $15. On December 1, 2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. Teal Mountain corporation stock was selling for $20 on December 1, 2020, before