At December 31, 2019, North Corporation had 40,000 shares outstanding of $30 par value common stock. The shares were originally issued for $84 per share. On January 1, 2020, Western split its common stock 3 for 1 with a corresponding reduction in the stock's par value. The market price of the stock just before the split was $150 per share. After the split, the balance in the common stock account is: $3,600,000 $1,200,000 $3,360,000 $6,000,000