Luna Incorporated has the following Shareholder's Equity Section: Common Stock, $5 PV $ 50,000 65,000 PIC - Excess Par Value - C/S Retained Earnings Less: Treasury Stock (2,000 shares) Total Shareholders' Equity 180,000 (38.700) $ 256,300 1. The average issue price per share of common stock was $23 2. Luna has 8,000 shares of common stock outstanding 3. If Luna had a 10% stock dividend, the new par value would be $2.50 Only Statement #2 is true Both Statement #1 and 83 are true Only Statement #3 is true All of the Statements are true Both Statement #2 and 3 are true Only Statement #1 is true All of the Statements are false Both Statement 1 and 2 are true