Jungle Corporation's stockholder's equity section at December31, 2014 appears below:

Stockholders equity

Paid in Capital

Common stock, $10 par, 60,000 outstanding $600,000

Paid in Capital in excess of par   150,000

Total paid in capital $750,000

Retained Earnings 150,000

Total Stockholder's Equity $900,000

On June 30, 2015, the board of directors of Kenner Corp declareda 15% stock dividend, payable on July 31, 2015, to stockholders ofrecord on July 15, 2015. The fair value of Kenner Corp's stock onJune 30, 2015 was $15.

On December 1, 2015 the board of directors declared a 2 for 1stock split effective December 15, 2015. Jungle Corp's stock wasselling for $20 on December 1, 2015, before the stock split wasdeclared. Par value of the stock was adjusted. Net income for 2015was $190,000 and there were no cash dividends declared.

Instructions

(a) Prepare the journal entries on the appropriate dates torecord the stock dividend and the stock split. Show allcalculations.

(b) Fill in the amount that would appear in the stockholder'sequity section for Jungle Corp at December 31, 2015, for thefollowing items: (Show all calculations)

1.Common Stock

2.Number of shares outstanding

3.Par value per share

4.Paid-in capital in excess of par

5.Retained Earnings

6.Total Stockholder's Equity