Chicago Clock Corporation issued a 3-for-2 stock split of it…

Chicago Clock Corporation issued a 3-for-2 stock split of its common stock, which had a par value of $100 before the split. What dollar amount (state in numbers) of retained earnings should be transferred to the common stock account because of this stock split? (Note: please do not include commas or dollar signs in your response) 

SJV Inc. reported on its balance sheet at December 31, 2018…

SJV Inc. reported on its balance sheet at December 31, 2018 ending inventory of $670,000.  SJV uses LIFO. In its notes to financial statements, the company reported the following:                                                                                     2018                2019 Inventory reported on the balance sheet             670,000           800,000 Value of inventory on FIFO basis                            702,000           840,000   Had SJV Inc. used FIFO instead of LIFO during 2019, its inventory turnover ratio (Cost of goods sold / Average Inventory) would have been: (choose among the 3 (H, L, or N): H=higher, L=lower, and N=unchanged). Inventory turnover ratio  

SJV Inc. reported on its balance sheet at December 31, 2018…

SJV Inc. reported on its balance sheet at December 31, 2018 ending inventory of $670,000.  SJV uses LIFO. In its notes to financial statements, the company reported the following:                                                                                     2018                2019 Inventory reported on the balance sheet            670,000           800,000 Value of inventory on FIFO basis                           702,000           840,000   Had SJV Inc. used FIFO,  would be its income before taxes for 2019 be higher or lower? Specify the $ amount by which it would be higher or lower. (Hint: begin by calculating the LIFO reserve first)