Apple has had the following stock splits since its inception. Effective Date Split Amount June 9, 2014 7 for 1 2 for 1 February 28, 2005 June 21, 2000 June 16, 1987 2 for 1 2 for 1 a. If the par value of Apple shares was originally $1, what would Apple report as par value per share on its 2018 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places. b. On August 23, 2019, Apple stock traded for about $206.50. All things equal, if Apple had never had a stock split, what would a share of Apple have traded for that same day? Round answer to the nearest dollar.