Manitoba, Inc. declared a 3-for-1 forward stock split during the year when there were 60,000 shares of $0.45 par value of common stock outstanding and the stock price was $30 per share. What amount of stock was outstanding immediately after the split?

Choose one:

A. 180,000 shares of $0.45 par value common stock

B. 60,000 shares of $0.15 par value common stock

C. 20,000 shares of $1.35 par value common stock

D. 180,000 shares of $0.15 par value common stock