Pettygrove Company had 2,300,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $11,500,000, and Retained Earnings is $3,450,000. The company issues a 2-for-1 stock split. The market price of the stock is $13. What is the balance in the Common Stock account after this issuance?

a. 46,000,000

b. 52,900,000

c. 23,000,000

d. 34,500,000