On December 31, 2019, Hobbs Inc. had 18,900 shares outstanding of $12.60 par value common stock. The shares were originally issued for $36 per share. On January 1. 2020, Hobbs announced a 3 for 1 stock split of its common stock with a corresponding reduction in the stock's par value. The market price of the stock just before the split was $136 per share. After the stock split, how many shares are outstanding and what is the par value? Select one: a. 56,700 Shares Outstanding $4.20 Par Value b. 56,700 Shares Outstanding, $12.60 Par Value 6,300 Shares Outstanding, 54.20 Par Value d. 6,300 Shares Outstanding, $37,80 Par Value