A corporation, which had 27,200 shares of common stock outstanding, declared a 4-for-1 stock split.

(a) What will be the number of shares outstanding after the split? _____ shares

(b) If the common stock had a market price of $148 per share before the stock split, what would be an approximate market price per share after the split? $_____ per share

(c) Is a journal entry required for a stock split?

Yes or No?