Question: Effective April 2 7 , 2 0 X 1 , Dorr Corporation s shareholders approved a two - for - one split of the company

Effective April 27,20X1, Dorr Corporations shareholders approved a two-for-one split of the companys common stock and an increase in authorized common shares from 100,000 shares (par value of $20 per share) to 200,000 shares (par value of $10 per share). The stock split shares were issued on June 30,20X1. Dorr accounts for the split as a stock split (as opposed to a stock dividend). At the date of declaration, the fair value of each share of stock was $60. Dorrs shareholders equity accounts immediately before issuance of the stock split shares were:
Common stock, par value $20; 100,000 shares authorized; 50,000
shares outstanding $ 1,000,000
Additional paid-in capital 150,000
Retained earnings 1,350,000
Required:
After issuing the stock split shares, what are the balances of the Additional paid-in capital and Retained earnings accounts in Dorrs June 30,20X1, statement of shareholders equity?

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