ULICU LODOS The balance of the $0.50 par value Common Stock account for Murdock BOPAR $60.000 before its recent 3-for-1 stock split. The mark crore its recent 3-for-stock split. The market price of the stock was $30 per Share before the stock split. What occurred as a result of the stock split? 2. The balance in the Retained Earnings account decreased. b. The balance in the Common Stock account declined to $20,000.- The market price of the stock was not affected. Y d. The market price of the stock dropped to approximately $10 per share 1 >60,000 for 3 GO Inntion of Snack Inc.'s balance sheet on January 1, 2012