Management at Tassel Motor Company is concerned that its high stock price is adversely affecting investors ability to buy its stock. Tassel common stock currently sells for $1,200 per share. In an effort to address this concern, management recently announced a 20-for-1 stock split for its $5 par common stock. Prior to the split, Tassel had authorized 100,000,000 shares, 2,000,000 of which were issued an outstanding. Required: A. What journal entry will Tassel make to record the stock split? B. How many shares will Tassel have authorized, issued, and outstanding after the stock split? C. What is Tassels stock par value per share after the stock split? D. What is the likely effect of the stock split on the price of Tassels common stock? Explain