tock Dividends and Stock Splits

Whitacre Company's Stockholders' Equity section of the balance sheet on December 31, 2016, was as follows:

Common stock, $10 par value, 60,000 shares$600,000issued and outstandingAdditional paid-in capital480,000Retained earnings1,240,000Total stockholders' equity$2,320,000

On May 1, 2017, Whitacre declared and issued a 15% stock dividend, when the stock was selling for $20 per share. Then on November 1, it declared and issued a 2-for-1 stock split.

Required:

1.How many shares of stock are outstanding at year-end?

shares

2.What is the par value per share of these shares?

$per share

3.Develop the Stockholders' Equity category of Whitacre's balance sheet as of December 31, 2017.

Whitacre CompanyPartial Balance Sheet - Stockholders' Equity SectionDecember 31, 2017

$

Total stockholders' equity$