Queen 29 Ner yet werd Marked out of 2.6 question At December 31, 2019, Bailey Corporation had 40,000 shares outstanding of $15 par value common stock. The shares were originally issued for $42 per share. On January 1, 2020, Bailey split its common stock 3 for 1 with a corresponding reduction in the stocks par value. The market price of the stock just before the split was $75 per share. After the split, the balance in the common stock account is Select one 0 as 600,000 0 b. $3,000,000 0 c. $1,800,000 1 0 d. $1,680,000 e. None of the above Previous Save Answers Next O