Concord Corporation has 154,000 common shares outstanding with a carrying value of $24 per share. Concord declares a 3-for-1 stock split.

How many shares are outstanding after the split?

Number of shares outstanding

Enter your answer in accordance to the question statement shares

What is the carrying value per share after the split?

Carrying value per share

$Enter your answer in accordance to the question statement

What is the total carrying value after the split?

Total carrying value

What journal entry is necessary to record the split?