Twin Towns, Inc., was authorized to issue 300,000 shares of common stock and originally issued 100,000 shares of $10 par value stock at $18 per share. Subsequently, 25,000 shares were repurchased at $20, of which 10,000 were subsequently resold at $23. Assume the company's retained earnings balance is $120,000. a. Prepare the stockholders' equity section of Twin Towns's balance sheet, including all appropriate disclosures. b. Briefly explain how the declaration and distribution of a 2-for-1 stock split subsequent to the above transactions would affect the stockholders' equity section you have prepared. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the stockholders' equity section of Twin Towns's balance sheet, including all appropriate disclosures. Balance Sheet (Partial) Stockholders' equity Additional paid-in capital on common stock Common stock $ 0 Total paid-in capital Retained earnings $ 0 Total paid-in capital and retained earnings Less: Treasury stock Total stockholders' equity $ 0