2 The owners' equity accounts for Octagon International are shown here: Common stock ($.50 par value) 35,000 320,000 Capital surplus 10 points Retained earnings 708,120 1,063,120 Total owners' equity eBook $ Print a-1.The company declares a five-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a The company declares a five-for-one stock split. What is the new par value per 2. share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b-1.The company declares a one-for-seven reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.) b The company declares a one-for-seven reverse stock split. What is the new par value 2. per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-1.The company declares a five-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a The company declares a five-for-one stock split. What is the new par value per 2. share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b-1.The company declares a one-for-seven reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.) b The company declares a one-for-seven reverse stock split. What is the new par value 2. per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New shares outstanding a-2. New par value b-1. New shares outstanding a-1 per share b-2. New par value per share