On September 1, a corporation had 100,000 shares of $15 par value common stock, and $12,000,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 3-for-1 stock split. After the split, the corporation will have

100,000 shares of $10 par value common stock B. 300,000 shares of $10 par value common stock

C. 300,000 shares of $5 par value common stock. D. 100,000 shares of $5 par value common stock