Question 8 The common shares of Blue Spruce Inc. are currently selling at $122 per share. The directors want to reduce the share price and increase the share volume before making a new issue. The per share carrying value is $35. There are currently 2 million shares issued and outstanding. (a1) Your answer is partially correct. Try again. Prepare the necessary journal entry assuming that the board votes a 4-for-1 stock split. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Common Stock Di 286000000 Common Share 286000000 SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 2 of 3 used