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On February 1, a corporation has 50,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of

On February 1, a corporation has 50,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of $300,000 and Retained Earnings of $300,000. On February 1, the corporation declared a 2-for-1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively?

Select one:

a. $25,000; $650,000

b. $100,000; $650,000

c. $50,000; $350,000

d. I want to leave this answer blank

e. $50,000; $650,000

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