Sheffield Corporation splits its common stock $5$ for $1,$ when the market value is $$94$ per share. Prior to the split, Sheffield had $100000$ shares of $$10$ par value common stock issued and outstanding. After the split, the par value of the stock

remains the same.

is reduced to $$50$ per share.

is reduced to $$2$ per share.

is reduced to $$5$ per share.