Macbeck Holdings is a technology and communications services company. Its consolidated statement of shareholders equity provides the following information.

1. What is the par value of Macbeck Holdings common stock?

2. Record the entry for the issuance of 5,900,000 shares of stock in Year 3.

3. What is the book value per share of Macbeck at February 29, Year 2, assuming shares in the treasury total 40,090 shares? At February 27, Year 3? Explain why book value per share changed so much from February 29, Year 2, to February 27, Year 3.

4.What was the average price per share paid for common shares acquired during the year ending February 27, Year 3? What were the average proceeds per share for shares issued, other than those issued under stock award plans, during the year ending February 27, Year 3? List any possible reasons why these amounts might significantly differ.

Common Stock Shares 36,293,642 Par Value $363 Additional Paid-in Capital $31,570 $thousands Balance at February 29, Year 2 Purchase of 73,463 shares of common stock Common stock issued ... Common stock issued under stock award plans Tax benefit from stock compensation.. Net income... Foreign currency translation. Balance at February 27, Year 3 5,900,000 765,867 59 8 90.294 8,747 17,467 Retained Treasury Other Earnings Stock Total $(6,783) $ 5,595 $(30) $ 30,715 (113) (113) (113) 90,353 8,755 17,467 21,694 21,694 (816) (816) $17,599) $27,289 $(143) $168,055 42,959,509 $430 $148,078 Common Stock Shares 36,293,642 Par Value $363 Additional Paid-in Capital $31,570 $thousands Balance at February 29, Year 2 Purchase of 73,463 shares of common stock Common stock issued ... Common stock issued under stock award plans Tax benefit from stock compensation.. Net income... Foreign currency translation. Balance at February 27, Year 3 5,900,000 765,867 59 8 90.294 8,747 17,467 Retained Treasury Other Earnings Stock Total $(6,783) $ 5,595 $(30) $ 30,715 (113) (113) (113) 90,353 8,755 17,467 21,694 21,694 (816) (816) $17,599) $27,289 $(143) $168,055 42,959,509 $430 $148,078