Bobs Belts issued a 2 for 1 stock split. The balance in retained earnings at the time of the split was $45,000. There were 15,000 shares outstanding on the day of the split. The $1 par value stock had a market price of $17.25 on the day of the split. Total stockholders equity will increase (decrease) after the split by:

1 $4,500.

2 $1,500.

3 $25,875.

4 $0.

5 None of the above