Alpha Co. has 12 million common shares authorized and 5 million shares issued. The par value of its common stock is $0.1 per share and the market price is $28 per share when Alpha declares a 4-for-1 stock split. Which of the following statement is correct? Multiple Choice For every one share of stock owned, a shareholder will receive four shares and will now own 5 shares of stock. There will be a transfer of $5 million from retained earnings to the common stock account. The company will be unable to declare a 4-for-1 split because it does not have enough authorized shares to issue. The shares issued and outstanding will all quadruple while the par value will be reduced to $0.025 per share. On January 1, 2020, Beta Co. issued $400,200 of 10-year, 12% bonds when the market interest rate was 10%. The interest is payable semi-annually on June 30 and December 31. The effective-interest method of amortization is used. Rounding all calculations to the nearest whole dollar, what is the interest expense for the six-month period ending June 30, 2020? PV of $1 (i=10%, n=10): 0.3855 PV of $1 (i=5%, n=10): 0.6139 PV of $1 (i=5%, n=20): 0.3769 PV of $1 (i=12%, n=10): 0.3220 PV of $1 (i=6%, n=10): 0.5584 PV of $1 (i=6%, n=20): 0.3118 PV annuity of $1 (i=10%, n=10): 6.1446 PV annuity of $1 (i=5%, n=10): 77217 PV annuity of $1 (i=5%, n=20): 12.4622 PV annuity of $1 (i=12%, n=10): 5.6502 PV annuity of $1 (1=6%, n=10): 7.3601 PV annuity of $1 (i=6%, n=20): 11.4699 Multiple Choice O O 45007 27004 O Multiple Choice O 45007 O 27004 O O 22504 O O 37457 None of the other choices is correct