Element Corporation Reported the Following Equity Section on Its Current

Multiple Choice

Element Corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $20.25 per share. $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common Stock, } \$ 5 \text { par, } 337,000 \text { shares authorized, } 157,000 \text { shares issued } \\\text { and outstanding }\end{array} & \$ 785,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 140,000 \\\hline \text { Retained Earnings } & 301,000 \\\hline \text { Total Stockholders' Equity } & \$ 1,226,000 \\\hline\end{array}$$ After a 2-for-1 stock split,what is the number of issued shares?

A) 280,000
B) 314,000
C) 297,000
D) 140,000