1) Hayley's Optical has a stockholders' equity account as shown below. The firm's common stock currently sells for $20 per share. Preferred stock $500,000 Common Stock (2,000,000) shares @$1par 2,000,000 Paid-in-capital in excess of par 10,000,000 Retained Earnings 11,600,000 Total stockholders equity 24,100,000 (a) What is the maximum dividend per share Hayley's Optical can pay? (Assume capital includes all paid-in capital.) (b) Recast the partial balance sheet (the stockholders' equity accounts) to show independently (1) a 2 for 1 stock split of the common stock. (2) a cash dividend of $1.50 per share. (3) a stock dividend of 5% on the common stock. (c) At what price would you expect Hayley's Optical stock to sell after (1) the stock split (2) the stock dividend?