CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Partially correct Mark 1.00 out of 2.00 Flag question Forward Stock Split On September 1, Oxford Company has 400,000 shares of $15 par value common stock that are issued and outstanding. The general ledger shows the following account balances relating to the common stock: Common stock $6,000,000 Paid-in capital in excess of par value 2,250,000 On September 2, Oxford splits its stock 3-for-2 and reduces the par value to $10 per share a. How many shares of common stock are issued and outstanding immediately following the stock split? 200,000 X b. What is the balance in the Common Stock account immediately following the stock split? 6,000,000 Check You have correctly selected 1. Partially correct Marks for this submission: 1.00/2.00