On March $1$ of the current year, Sentry Corporation has $320,000$ shares of $$50$ par value common stock that are issued and outstanding.

The general ledger shows the following account balances relating to the common stock:

Common stock $$16,000,000$

Paid$-$in capital in excess of par value $$6,800,000$

On March $2,$ Sentry Corporation splits its stock $2-$for$-1$ and reduces the par value to $$25\mathrm{.}00$ per share.

a$.$ How many shares of common stock are issued and outstanding immediately following the stock split? Answer $1$

b$.$ What is the balance in the Common Stock account immediately following the stock split? $Answer $2$

c$.$ What is the balance in the Paid$-$in Capital in Excess of Par Value account immediately following the stock split? $Answer $3$

d$.$ Is an entry required to record the forward stock split? Answer $4$