8. A company has 12900 shares of $20 par common stock authorized, issued, and outstanding. If the company decides to do a 41 stock split, show the effecs on the shares, par value, and the total dollar amount of common stock? Authorized, issued and outstanding shares: Par Value: Total Common Stock 9. A company purchases 13800 shares of its own $5 par common stock on the open market for $20 per share. Prepare the Journal entry to record this transaction