At December 31, 2016, Western Corporation had 40,000 shares outstanding of $30 par value common stock. The shares were originally issued for $84 per share. On January 1, 2017, Western split its common stock 3 for 1 with a corresponding reduction in the stock's par value. The market price of the stock just before the split was $150 per share. After the split, the balance in the common stock account is?

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Before the split Total equity 40000 shares 150 market pricesha... View the full answer