Council Crest, Incorporated had 20,000 shares issued and outstanding of its $.50 par value common stock. At December 31, Common Stock equaled $10,000, Retained Earnings equaled $20,000 and Total stockholders' equity equaled $50,000 prior to a 2- for-1 stock split. As a result of a 2-for-1 stock split: par value equals $0.25. B the number of shares outstanding equals 10,000. Common Stock equals $20,000. Retained Earnings equals $40,000.