On May 1, 20xx, Ibram Corporation had 200,000 shares of $100 par value common stock outstanding with a market value of $160 per share. On May 2, 20xx, Ibram announced a 4-for-1 stock split. After the split, the par value of the stock was reduced to $25 per share was reduced by $40 per share remained the same as before the split was reduced by $25 per share