Sholayered Inc. has 3 million shares of $8 par value common stock issued and outstanding which is currently trading at $120 per share. The management believes that the share price is too high and it intends to reduce it to its 1/4 of its current share price.

The company would need to issue a ______-for-1 stock split which means that for each of currently issued common shares the company shall issue ______ shares. It will increase the total number of shares issued and outstanding to ______ million (______ million _____) resulting in a par value of $_______ ($_____ ____) and a market price of $_________ ($_____ _____).