Hernandez Company splits their common stock, 1:4. On this date, they had 114,000 shares of $24 par common stock issued and outstanding, and the market price of the common stock was $58 per share. Required: Determine the effect (increase, decrease, or no effect) that this transaction has on Retained Earnings and Total Stockholders' Equity, and the amount of increase and decrease as appropriate. Is the account increased or decreased? Effect on Retained Earnings Effect on Total Stockholders' Equity Increase Decrease No Effect Increase Decrease No Effect What is the amount of the increase or decrease? $0 $