14 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,? par value, 5% cumulative, 130,000 shares authorized, 43,000 shares issued and outstanding Common stock, $12 stated value, 180,000 shares authorized, 43,000 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 Note: The market value per share of the common stock is $32, and the market value per share of the preferred stock is $15. 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 b 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? C e-1. e-2, e-3 $ 516,000 516,000 33,000 258,000 Par value per share Dividend per share $ 1,323,000 280,000 $ 1,603,000 Average issue price per share Shares outstanding after the split Amount transferred form retained earnings Market price of common stock after split

Note: The matket vatue per share of the common stock is $32 and the matket value pet share of the preferred stock is $15. Required a. What is the par value per share of the pretered stock? b. What is the dividend per share on the preferted stock? (Round your answer to 2 decimal pioces.) C. What was the average issue price per share forice for which the stock wak issued) of the common stock? (Round your answer to 2 decimbl ploces.) e-1. If Mann declaes a 2 for-1 stock split on the common stock, how many shares will be outstanding after the splu? e-2. What amount will be transierred from the retained eainings account because of the stock splt? e-3. Theoretically. What will be the market peice of the common stock immerilately after the stock split