Adrienne Art has 20,000 shares of stock outstanding with a par value of $1 per share and a market price of $64 per share. The balance sheet shows $20,000 in the common stock account, $58,200 in the capital in excess of par value account, and $87,400 in the retained earnings account. The firm just announced an upcoming five-for-four stock split. What will be the value of the common stock account after the split?

Multiple Choice

• $20,480

• $20,000

• $12,000

• $16,000

• $25,000