At the time that Kirby Company issued a 5-for-3 stock split, the company had 4,500 shares of $15 par value common stock outstanding. Stockholders' equity also contained $24,000 of additional paid-in capital and $42,000 of retained earnings. Immediately after the stock split the:

Multiple Choice

a.balance in the common stock account would amount to $67,500.

b.amount of paid-in capital in excess of par-common would be equal to $40,000.

c.balance in the retained earnings account would amount to $8,400.

d. number of outstanding shares of common stock would be 337,500.