eBook Problem 10-07 What effect will a three-for-one stock split have on the following items found on a firm's financial statements? a. Earnings per share $5.37. Round your answer to the nearest cent. New amount Initial amount $5.37 Effect Select increase decrease no change Effect b. Total equity $10,000,000. Round you nearest dollar New amount Initial amount $10,000,000 c. Long-term debt $4,000,000. Round your answer to the nearest dollar Initial amount New amount Effect $4,000,000 $ Eset d. Additional paid in capital $1,570,000. Round your answer to the nearest dollar Initial amount New amount Effect $1,570,000 Select e. Number of shares outstanding 800,000. Round your answer to the nearest whole number Initial amount New amount Effect 800,000 Select 1. Earnings $4,300,000. Round your answer to the nearest dollar Initial amount New amount Effect 54,300,000 Select