Andromeda Industries had 600,000 shares of common stock with a $9 par value and retained earnings of $180,000 at January 1, 2011. In 2011, the stock was split 3 for 1. In 2010, earnings per share were $1.80. Which of the following would not result from the stock split?

a. The new shares issued and outstanding would total 900,000.

b. The total amount in the capital stock account (dollar valuation) would remain the same.

c. The par value of each share would become $3.

d. There is no effect on total stockholders equity.

e. Retained earnings would remain unchanged.