Before a 3-for-1 stock split, the shares outstanding were 8,000 shares at $24 par. After the split, what was the par value and number of shares?
◦ 24,000 shares and $8/share
◦ 8,000 shares and $192/share
◦ 32,000 shares and $24/share
◦ 24,000 shares and $24/share