How do stock splits and stock dividends impact Retained Earnings?

Stock splits and stock dividends have no effect on Retained Earnings.

Stock splits and stock dividends both decrease Retained Earnings.

Stock splits increase Retained Earnings and stock dividends have no effect on Retained Earnings.

Stock splits have no effect on Retained Earnings and stock dividends decrease Retained Earnings.

A company had 300,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $1,500,000, and Retained Earnings is $450,000. The company issues a 2-for-1 stock split. The market price of the stock is $13. What is the balance in the Common Stock account after this issuance?

$3,000,000

$6,900,000

$4,500,000

$6,000,000

None of these answers are correct