Mae's Housewares Has 48,000 Shares of Stock Outstanding with a Market

Mae's Housewares has 48,000 shares of stock outstanding with a market value of $11 per share. The company has retained earnings of $62,700. The company just announced a 1-for-3 reverse
Stock split. How many shares of stock will be outstanding after the split?

A) 16,000 shares
B) 24,000 shares
C) 36,000 shares
D) 72,000 shares
E) 144,000 shares