If Gator declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split? What amount would be transferred from the Retained Earnings account because of the stock split? Theoretically, what would be the market price of the common stock immediately after the stock split?

The stockholders equity section of the balance sheet for Gator Company at December 31, 2014, is as follows:

Stockholders Equity
Paid-in capital
Preferred stock, ? par value, 4% cumulative,
290,000 shares authorized, 59,000 shares issued and outstanding	$	590,000
Common stock, $15 stated value, 340,000 shares authorized, 59,000 shares issued and ? outstanding		885,000
Paid-in capital in excess of parPreferred		49,000
Paid-in capital in excess of stated valueCommon		295,000
Total paid-in capital					1,819,000
Retained earnings					440,000
Treasury stock, 3,000 shares					(42,000	)
Total stockholders equity				$	2,217,000