Tubbs Landing, Inc., had the following stockholders' equity at January 31:

On February 28, Tubbs Landing, Inc., split its common stock 2-for-1.
Requirements
1. Make any necessary entry to record the stock split.
2. Prepare the stockholders' equity section of the balance sheet immediately after the split?

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Stockholders' Equity Paid-in Capital: Common Stock, $3 par, 200,000 shares authorized, 10,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 30,000 6,000 $ 36,000 212,000 $ 248,000