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