3) Victory Corporation reported the following stockholders' equity section on December 31, 2006. Preferred stock, 4%, cumulative, $100 par Paid-in capital in excess of par-preferred Common stock, $50 par Paid-in capital in excess of par-common Retained eanings Treasury common stock, at cost, 700 shares $100,000 55,000 250,000 235,000 455,300 96,000 Compute the following: 1. a. Number of share of common stock outstanding 2. Number of shares of preferred stock outstanding 3. Average issue price of common stock 4. Average issue price of preferred stock b. How many shares of common stock would be outstanding if Victory declares a 4-for-1 stock split? c. Complete this part without the stock split in part b. Prepare the journal entry if the board of directors declared a 15% stock dividend on the common stock when market price was $130 per share