ADOBE SYSTEMS INCORPORATED, STOCKHOLDERS EQUITY SECTION OF BALANCE SHEET
(amounts in thousands, except per share amounts)
	Nov. 29, Y2		Nov. 30, Y1
Stockholders equity:
Preferred stock, $0.1 par value; 2,000 shares authorized;
1,200 shares issued and outstanding in Y2 and Y1	$120		$120
Common stock, $0.1 par value; Authorized 800,000 shares;
Issued: 275,764 shares in Y2 and Y1	27,576		27,576
Additional paid-in capital	273,710		195,810
Retained earnings	1,576,545		1,305,366
Accumulated other comprehensive income (loss)	(3,950)		3,918
Treasury stock, at cost (63,809 and 59,745 shares in Y2 and Y1,
respectively)	(1,236,054)		(1,053,737)
Total stockholders equity	$637,947		$479,053

The stockholders equity section of the balance sheets for Y2 and Y1 is shown above, for Adobe Systems Incorporated (acrobat reader). Please answer the following, using the Y2 data (all the questions are independent of one-another):

a. Assuming all of the preferred stock was sold at par and that none of the treasury stock has been sold, how much, on average, was received for one share of common stock?

b. Assume all of the treasury stock is common stock. At Nov. 29, Y2, how many shares of common stock were outstanding?

c. Using the Y2 information, if 3,000 shares of treasury stock were sold at $25 per share, what would be the journal entry to record this sale?

d. If adobe declared and issued an 8% common stock dividend, with the market value of the common stock being $25 per share, what would be the effect of this stock dividend on (1) common stock, (2) additional paid-in capital, (3) retained earnings, and (4) total stockholders equity? Use outstanding shares (at Nov. 29, Y2) to answer these questions.

e. If Adobe, at Nov. 29, Y2, split its stock 4:1, what would be the following: (1) shares authorized, issued, and outstanding; (2) par value of the stock per share; (3) the change in the total value of common stock; (4) the change in total stockholders equity?