At the time that Kirby Company issued a 3-for-1 stock split, the company had 1,000 shares of $12 par value common stock outstanding. Stockholders' equity also included $21,000 of paid in capital in excess of par valuecommon and $30,000 of retained earnings. Which of the following statements regarding the impact of the stock split is true?

Multiple Choice

A The number of outstanding shares of common stock will be 36,000.

B The amount of paid-in capital in excess of parcommon will become $21,000.

C The balance in the retained earnings account will become $10,000.

D The balance of the common stock account will be $12,000.