Ch 10: End-of-Chapter Problems - The Features of Stock Propiem 10-07 What effect will a three-for-one stock split have on the following items found on a firm's financial statements? a. Earnings per share $4.75. Round your answer to the nearest cent. Effect Initial amount $4.75 New amount $ -Select- V b. Total equity $12,000,000. Round your answer to the nearest dollar. Effect Initial amount $12,000,000 New amount $ -Select v C. Long-term debt $4,200,000. Round your answer to the nearest dollar. Initial amount New amount Effect $4,200,000 - Select d. Additional paid-in capital $1,698,000. Round your answer to the nearest dollar. Initial amount New amount Effect $1,698,000 -Select -Select- e. Number of shares outstanding 800,000. Round your answer to the nearest whole number. Initial amount New amount Effect 800,000 f. Earnings $3,800,000. Round your answer to the nearest dollar. Initial amount New amount Effect $3,800,000 -Select- Select Increase decrease no change