HalHayley's Optical has a stockholders' equity account as shown below. The firm's common stock currently sells for $20 per share. (a) What is the maximum dividend per share Hayley's Optical can pay? (Assume capital includes all paid-in capital.) (b) Recast the partial balance sheet (the stockholders' equity accounts) to show independently (1) a 2 for 1 stock split of the common stock. (2) a cash dividend of $1.50 per share. (3) a stock dividend of 5% on the common stock. (c) At what price would you expect Hayley's Optical stock to sell after (1) the stock split (2) the stock dividend?

Show all Work!