41. If Montage Co. declared a 4 for 1 stock split on the common stock, how many shares would be outstanding immediately after the split? Answer 42. What amount would be transferred from Retained Earnings because of the stock split? Answer 43. Theoretically, what would be the market price per common share immediately after the stock split? Answer 44. What was the average price per preferred share issued? Answer Use the following to answer questions 37-44. It was taken from the Stockholders' Equity section of the Balance Sheet of Montage Co. at December 31, 2019: Preferred stock, 2 par value, 7% cumulative, 100,000 shs authorized, 20,000 shs issued & outstanding $ 300,000 Common Stock, $2 par value, 2,000,000 shs authorized 500,000 shares issued, 7 thares outstanding................. 1,000,000 Pald in capital in excess of par - preferred 25,000 Paid in capital in excess of par - common ............. 400,000 Retained earnings ..... 520,000 Treasury stock, 3,000 common shs (39,000) Total Stockholder Equity $ 2,386,000 *** The market price per share of common stock was $40, and the market price per share of preferred stock was $30