A corporation, which had $27,500$ shares of common stock outstanding, declared a $3-$for$-1$ stock split.

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a$.$ What will be the number of shares outstanding after the split?

fill in the blank $0$d$0$eaefbafb$3053\_1$

shares

b$.$ If the common stock had a market price of $$96$ per share before the stock split, what would be an approximate market price per share after the split?

$fill in the blank $0$d$0$eaefbafb$3053\_2$

per share

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c$.$ Journalize the entry for the stock split. If no entry is required, type $"$No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

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