On December 31, 2012 Chuck Norris Inc. had 800,000 shares of $10 par common stock issued and outstanding. The stockholders equity accounts at December 31, 2013 had the following balances: Common Stock $8,000,000 Additional PIC - Common Stock $1,600,000 Retained Earnings $1,200,000 Total Stockholders Equity $10,800,000

On November 1st Norris decided to do a 3 for 1 common stock split. Considering the other entries previously recorded, the total number of common shares issued and outstanding would now be: (Hint: DO NOT include Preferred Shares)

Please help me deeply explain this question and Stock Split , because I really don't understanding this question

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