Jean's Warehouse Has 16,000 Shares of Stock Outstanding

Jean's Warehouse has 16,000 shares of stock outstanding.The current market value of the firm is $768,000.The company has retained earnings of $130,000,paid in surplus of $321,000,and a common stock account value of 16,000.The company is planning a 5-for-3 stock split.What will the retained earnings account value be after the split?

A) $73,800
B) $130,000
C) $153,600
D) $205,000
E) $245,500