Smythe Tool has 12,000 shares of stock outstanding with a par value of $1 per share and a market value of $41 per share. The company just declared a 2-for-1 stock split. As a result of this split:

1)	the total value of the owners' equity will be cut in half.

2)	the number of shares outstanding will increase to 24,000.

3)	market price per share will increase to $82 a share.

4)	par value per share will remain at $1 per share.