Washington Corporation has 1,000,000 shares of common stock issued and outstanding with a $1 par value. If Washington declares a two-for-one stock split, how many new shares will be issued, what will the par value be, and what will the legal capital of the corporation be?

a.New shares 3,000,000 Par Value $0.33 Legal Capital $1,000,000

b.New shares 5,000,000 Par Value $0.20 Legal Capital $1,000,000

c.New shares 2,000,000 Par Value $0.50 Legal Capital $1,000,000

d.New shares 6,000,000 Par Value $0.17 Legal Capital $1,000,000