Question: Please solve this Question as soon as possible, maximum 1 hour. At December 31, 2019, the following balance sheet of Meca International included the following

Please solve this Question as soon as possible, maximum 1 hour.

Please solve this Question as soon as possible, maximum 1 hour. At

At December 31, 2019, the following balance sheet of Meca International included the following shareholder's equity accounts: Shareholders' Equity ($ in millions) Preferred Stock, 9.09%, 34 million shares at $1 par $34 Common Stock, 222 million shares at $1 par $222 Paid-in-capital, excess of par, preferred $758 Paid-in-capital, excess of par, Common $954 Retained Earnings $3,245 Treasury Stock, at cost, 2 million common shares (20) Total shareholders equity $5, 193 On April 13, a 3-for-2 stock split was declared and distributed. The stock split was affected in the form of a 50% stock dividend. The market value of the $1 par common stock was $13. +Accordingly, the shareholders' accounts will be: Account Common Stock Paid-in-capital, excess of par, common Retained Earnings

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