A corporation, which had 31,400 shares of common stock outstanding, declared a 5-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 $130 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? Explain in a short paragraph ? (D) Write a short paragraph and explain why companies have a stock split or a reverse stock split