Cobra Golf Club Corp. had the following stockholders' equity at December 31, 2007:

On June 30, 2008, Cobra split its common stock 2 for 1. Make the memorandum entry to record the stock split, and prepare the stockholders' equity section of the balance sheet immediately after the split. 

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Paid-in capital: Common stock, S1 par. 200,000 shares authorized, 50,000 shares issued..... Paid-in capital in excess of par... Total paid-in capital ............... Retained earnings........ Total stockholders' equity. $ 50,000 100,000 150,000 200,000 $350,000