Question 14 (3 points) A company declared a 3:1 stock split on January 5, 2021. At the time of the declaration, the company had 1,000,000 common shares issued and outstanding with a book value of $8 per share and a market value of $13 per share. Which of the following entries would be required to record the stock split? a) Common Shares 39,000,000 Retained Earnings 39,000,000 Ob) Common Shares 39,000,000 Contributed Surplus 39,000,000 c) Common Shares 24,000,000 Retained Earnings 24,000,000 d) No entry is required