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On December 3 1 , 2 0 X 7 , the stockholders equity section of Blue Co . appeared as follows in the statement of

On December 31,20X7, the stockholders equity section of Blue Co. appeared as follows in the statement of financial position:On December 31,20X7, the market value per share was $18. On January 3,20X8, Blue Co. declared a 2-for-1 stock split. After the stock split, a. total stockholders equity decreased by $180,000. b. the total par value of the common stock increased to a balance of $200,000. c. the total par value of the common stock remained at $100,000. d. retained earnings decreased by $180,000.

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