5. A corporation, which had 10,000 shares of common stock outstanding, declared a 3-for-1 stock split. (a) (b) What will be the number of shares outstanding after the split? If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split? (c) Journalize the entry to record the stock split 6. Based on the following information, calculate the dividend yield on common stock Market price per share Earnings per share Dividends per share Investor's cost per share S60.00 10.00 3.00 40.00 From the following data for Nunn Company for the current fiscal year ended December 31, prepare a multiple-step income statement. Show parenthetically earnings per share for the following: income from continuing operations, loss on discontinued operations (less applicable income tax), income before extraordinary item, extraordinary item (less applicable income tax), and net income. 7. Common stock, $50 par Cost of merchandise sold Administrative expenses Income tax Interest expense Sales Selling expenses $200,000 255,000 51,000 144,000 4,000 775,000 83,000