The debt and equity section of the Robson Corporation Balance sheet is shown here. The current market

Question:

The debt and equity section of the Robson is shown here. The current market price of the common shares is $20. Reconstruct the financial statement assuming that:
a) a %15 stock is issued
b) Two for one stock split declared
Debt ............ $1,800,000
Common
Par ($2 100,000 shares) ...... 200,000
Paid in Capital ......... 400,000
Retained Earnings ......... 900,000
$3,300,000
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