1. At the time that Farley Company issued a 2-for-1 stock split, the company had 1,000 shares of $5 par value common stock outstanding. Stockholders' equity also contained $14,000 of additional paid in capital and $20,000 of retained earnings. Immediately after the stock split,

a.the amount of paid-in capital would be equal to $20,000.

b.the balance in the common stock account would amount to $10,000.

c.the balance in the common stock account would amount to $5,000.

d.the balance in the retained earning account would amount to $15,000.