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

The company repurchased 95,000 shares of its own $8 par value common stock for $20 per share. After this transaction, Stockholders equity will be:

A. $12,700,000

B. $10,705,000

C.$10,040,000

D.$8,900,000

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

Thank You!