1. Cealey Company has 75,000 shares of $1 par value common stock issued and Retained Earnings of $888,000. During the year, the company issues 6000 shares of treasury stock that cost $24,000 for $31,000, then declares a 3-for-1 stock split with the par value changed proportionately, and then converts 5000 bonds into 20,000 shares of common stock. At the end of the year the number of shares issued, par value per share, and Retained Earnings balances are respectively

1. 245,000; $.33; $888,000
2. 263,000; $.33; $895,000
3. 263,000; $1; $663,000
4. 245,000; $1; $888,000