A corporation, which had 34,200 shares of common stock outstanding, declared a 4-for-1 stock split.

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

   (b) If the common stock had a market price of $156 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?