On April $15,2019,$ Scott, Inc. has $600,000$ shares of $$10$ par value common stock issued and outstanding. The balance sheet reports account balances as

follows $($excerpts only$)$:

On June $2,$ the company splits its stock $3-$for$-2.$

a$.$ How many shares of common stock are issued and outstanding immediately after the stock split?

b$.$ What is the par value of common stock after the split?

c$.$ What is the balance of common stock account immediately after the stock split?

d$.$ What is the balance in paid$-$in capital $($in excess of par value$)$ after the stock split?

e$.$ Why do companies spilt their stock?