10 ints eBook Print References Check my work The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders Equity Paid-in capital Preferred stock, 7 par value, 6% cumulative, 210,000 shares authorized, 51,000 shares issued and outstanding $ 510,000 Common stock, $20 stated value, 260,000 shares authorized, 51,000 shares issued and outstanding : Paid-in capital in excess of par-Preferred 1,020,000 41,000 204,000 Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings 1,775,000 360,000 Total stockholders' equity $2,135,000 Note: The market value per share of the common stock is $42, and the market value per share of the preferred stock is $23. 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.) a Par value per share $ 10 b Dividend per share cAverage issue price per share