The david & walker medical supplies company has 900,000 shares of common stock outstanding. the stock has a par value of $10.00 and a market price of $140 per share. if the firm splits the stock 5 to 1 determine the resulting number of shares and market price per share after the split?

1. 180,000 shares and $700 per share

2. 180,000 shares and $50.00 per share

3. 4,500,000 shares and $28.00 price per share

4. Cannot be determined with the information provided

5. None of the answers provided is correct