On June 01, the River Company's Board of Directors declares a 4 for 1 (4:1) Stock Split to common shareholders on record on June 15 Authorized Shares at June 01 = >>>>>> >>>>>> 200,000 shares Par Value of Common $8.00 Share Issued and Outstanding Shares at June 01 >>>>>> 20,000 shares Effective date of Split at June 15 On June 01, the Company will... record a. Decrease of Authorized Shares to 50,000 shares b. Increase of Issued and Outstanding Shares to 50,000 Shares c. No Journal Entry is required d. Increase of Par Value to $32