The baxter company has 30,000 shares of $3 par common stock outstanding. the company’s board of directors declares a 3-for-1 stock split when the market price is $9 per share. which of the following statements are correct? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) after the stock split, the company will have 10,000 shares, each with an approximate market value of $9. checked after the stock split, the company will have 90,000 shares, each with an approximate market value of $3. unanswered the par amount of the shares becomes $1 per share. unanswered no journal entry is recorded. unanswered knowledge check 02 craft declares and distributes a 2-for-1 stock split in the form of a 100% stock dividend and distributes 1,000 shares when the market value of the $1 par common stock is $12 per share. the company chooses not to reclassify earned capital as invested capital with regards to this transaction. prepare the appropriate journal entry. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)