Question 44 (2 points) Finish Cement Inc. is a publicly-traded company with 800,000 authorized common shares. The company has 100,000 common shares outstanding. On June 15, 2018, when the fair value of the shares was $4, the company declared and issued a 2-for-1 stock split. What is the journal entry that should be made by the company on June 15, 2018? 3,200,000 Cash........ Common Shares....... 3,200,000 O Stock Split.. Common Shares... 800,000 800,000 No journal entry is necessary. Cash.. 400,000 Common Shares... 400,000