Question 44

At December 31, 2016, Western Corporation had 30,000 shares outstanding of $20 par value common stock. The shares were originally issued for $52 per share. On January 1, 2017, Western split its common stock 4 for 1 with a corresponding reduction in the stocks par value. The market price of the stock just before the split was $120 per share. After the split, the balance of the common stock account is:

	A.	$ 600,000
	B.	$1,800,000
	C.	$3,600,000
	D.	$1,560,000