Your firm is planning to issue a 15% stock dividend. The market price for the stock has been $28. The table below presents the equity portion of your firms balance sheet prior to the distribution. Common stock Par value (1 million shares outstanding; $4 par value) = $ 4,000,000 Paid-in capital = $16,000,000 Retained earnings = $30,000,000 Total equity = $50,000,000

If instead of a stock dividend, your firm decided to split the stock 21, then the new balances, after the stock split, in the par value, paid-in capital, and retained earnings accounts are, respectively:

Group of answer choices

a) $4,600,000; $19,600,000; $25,800,000.

b) $600,000; $3,600,000; $4,200,000.

c) $4,000,000; $16,000,000; $30,000,000.