The debt and equity section of the Robson Corporation balance sheet is shown here. The current market price of the common shares is $20 . Reconstruct the financial statement assuming that (a) a 15 percent stock dividend is issued and (b) a 2-for-1 stock split is declared.

Data table Debt $1,800,000 Common equity Par ($2; 100,000 shares) 200,000 Paid-in capital 400,000 Retained earnings 900,000 $3,300,000 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done