HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock outstanding on January 1. The following equity transactions occurred during the current year:

Apr. 30	Distributed additional shares of capital stock in a 2-for-1 stock split. Market price of stock was $24 per share.
June 1	Declared a cash dividend of $0.91 per share.
July 1	Paid the $0.91 cash dividend to stockholders.
Aug. 1	Declared a 5 percent stock dividend. Market price of stock was $19 per share.
Sept. 10	Issued shares resulting from the 5 percent stock dividend declared on August 1.

a.

Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b.

Compute the number of shares of capital stock outstanding at year-end.

c.

What is the par value per share of HiTech Manufacturing stock at the end of the year? (Round your answer to 2 decimal places.)

d.	Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend. (Your answers should be either increase, decrease, or no effect. )