(Questions 17 and 18) On September 1, 2019, a company indicates there are 80.000 shares of $60 par value common shares and $450,000 in the Additional Paid-in Capital. There are 200.000 shares authorized. On September 2, the company splits its stock 2 for 1. 17. How many shares of common stock are issued and outstanding immediately after the stock split? (Questions 17 and 18) On September 1, 2019, a company indicates there are 80,000 shares or $60 par value common shares and $450,000 in the Additional Paid-in Capital. There are 200,000 shares authorized. On September 2, the company splits its stock 2 for 1. 17. How many shares of common stock are issued and outstanding immediately after the stock split? A) 30,000 B) 120,000 C) 160,000 D) 200,000 2 80000 18. What is the dollar balance of common stock account immediately after the stock split? A) $ 3,600,000 B) $ 7,200,000 C) $ 1,800,000 D) $ 4,800,000