On July 31, 2018, Baldwin, Inc Assume That Baldwin Splits Its Common Stock 3-For-1

On July 31, 2018, Baldwin, Inc. reported the following information in the equity section of their balance sheet:
$$\begin{array} { | l | r | } \hline \text { Stockholders' Equity: } & \\\hline \begin{array} { l } \text { Common Stock, } \$ 1.00 \text { par, } 500,000 \text { shares authorized,20,000 shares issued } \\\text { and outstanding }\end{array} & \$ 20,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } &1,180,000\\\hline \text { Retained Earnings } & \underline { 3,200,000 } \\\hline\text { Total Stockholders' Equity }& \underline { \$ 4,400,000}\\\hline\end{array}$$ Assume that Baldwin splits its common stock 3-for-1. Prepare an equity section of the balance sheet that shows the effects of the stock split. (Please round all numbers to the nearest cent.)