Snake Golf Club, Corp., had the following stockholders’ equity at December 31, 2011

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Snake Golf Club, Corp., had the following stockholders’ equity at December 31, 2011:

Paid-in capital:
Common stock, $1.00 par, 650 shares authorized,
290 issued .......................................................... 290
Paid-in capital in excess of par—common............. 580
Total paid-in capital ........................................... 870
Retained earnings.......................................................... 2900
Total stockholders’ equity.............................................3770

On June 30, 2012, Snake split its common stock 2 for 1.

1. Make the memorandum entry to record the stock split.

2. Prepare the stockholders’ equity section of the balance sheet immediately after
the split.