Hercules Ltd. has 45,000 shares of stock outstanding with a par value of $1 per share and a market price of $50 a share. The balance sheet shows $45,000 in the common stock account, $510,000 in the paid-in surplus account, and $520,000 in the retained earnings account. The firm just announced a 5-for-2 stock split. How many shares of stock will be outstanding after the split? a. 180,000 shares

b. 94,500 shares

c. 112,000 shares

d. 112,500 shares

e. 18,000 shares