LO S ship when new sh LO 4 P13.5 Surber Company has 700,000 shares of $1 par value common stock outstanding and 12 shares of $100 par value preferred stock outstanding. Earlier in the year, Surber's comm stock had been selling around $8 per share, but for the past two months the share price dropped to $1.25 per share (on average). Surber is contemplating a one-for-four reverse c split on its common stock. Required: A. B C D. If Surber undertakes the reverse stock split, what will the legal capital of the compan What is the legal capital of Surber Company currently? be following the split? How many common shares will be outstanding and what will the par value be aher the split? If Surber's strategy is successful, what should happen to the selling price of its commen stock following the split?