1. ts 03:47:04 eBook Ask Print References The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 1, is as follows. Stockholders' Equity Paid-in capital Preferred stock, 7 par value, 68 cumulative,. 250,000 shares authorized, 55,000 shares issued and outstanding Common stock, $20 stated value, 300,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Total stockholders' equity $ 550,000 1,100,000 45,000 165,000 $ 1,860,000 400,000 $ 2,260,000 Note: The market value per share of the common stock is $40, and the market value per share of the preferred stock is $27. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) e-1. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? e-2. What amount will be transferred from the retained earnings account because of the stock split? e-3. Theoretically, what will be the market price of the common stock immediately after the stock split