The following information has been extracted from the balance sheet of Washington Corporation as of December 31, 2017 Number of shares of common stock authorized: 200,000 shares Number of shares of common stock issued and outstanding: 80,000 shares Par value per share: 10 On January 1, 2018, the board of directors proposed a 7-for-5 stock split which was approved. The 7-for-5 stock split would increase the number of shares issued and outstanding by 280.000 80.000 32.000 112.000