Lakeshore Industries This Company Reported the Following Information on Its

Lakeshore Industries This company reported the following information on its recent balance sheet:
Common stock,$10 par,100,000 shares authorized,75,000 shares issued and outstanding
-Refer to Lakeshore Industries.What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share at the time the stock split is declared?

A) A stock split has no impact on any of the stockholders' equity account balances.
B) Total stockholders' equity increases $750,000.
C) Cash increases $750,000.
D) $1,500,000 of retained earnings is transferred to the capital stock accounts.