Effective April 27, the shareholders of Dorr Corp. approved a 2-for-1 split of its common stock and an increase in authorized common shares from 100,000 shares (par value $20 per share) to 200,000 shares (par value $10 per share). Dorrs equity accounts immediately before issuance of the stock-split shares were as follows:

Common stock, par value $20; 100,000 shares authorized; 50,000 shares outstanding	$1,000,000
Additional paid-in capital ($3 per share on issuance of common stock)	150,000
Retained earnings	1,350,000

The stock-split shares were issued on June 30. In Dorrs June 30 statement of equity, the balances of additional paid-in capital and retained earnings are

Additional	Retained
Paid-in Capital	Earnings

A.

$150,000

$350,000

B.

$150,000

$1,350,000

C.

$0

$500,000

D.

$1,150,000

$350,000