On December 10, Vandalia Co. split its stock 5-for-2 when the market value was $49 per share. Prior to the split, Vandalia had 250,000 shares of $15 par value stock outstanding. After the split, Vandalia's outstanding shares would be 1) 250,000 2) 225,000 3) 375,000 4) 625,000 Question 10 (2 points) Listen Gains and losses on the purchase and resale of treasury stock may be reflected only in 1) paid-in capital and retained earnings accounts. O2) paid-in capital accounts. 3) income, paid-in capital and retaining earnings accounts. 4) income and paid-in capital accounts