Exercise 11.14 (Static) Treasury Stock and Stock Split (LO11-8, LO11-9) Twin Towns, Inc. was authorized to issue 300,000 shares of common stock and originally issued 100,000 shares of $10 par value stock at $18 per share. Subsequently. 25,000 shares were repurchased at $20, of which 10,000 were subsequently resold at $23. Assume the company's retained eamings balance is $120.000. 0. Prepare the stockholders' equity section of Twin Towns's balance sheet, including all appropriate disciosures b. Briefly explain how the declaration and distribution of a 2 -for-1 stock split subsequent to the above transactions would affect the stockholders' equity section you have prepared. * Answer is not complete. Complete this question by entering your answers in the tabs below. Drepare the stockholders' equity section of Twin Townd's balance sheet, including all appropriate disciosures