Nov. 29. and improvements, choose Chec ADOBE SYSTEMS INCORPORATED, STOCKHOLDERS' EQUITY SECTION OF BALANCE SHEET (amounts in thousands, except per share amounts) Nov. 30, Y2 Y1 Stockholders' equity: Preferred stock, SO.1 par value; 2,000 shares authorized; 1,200 shares issued and outstanding in Y2 and Y1 $120 $120 Common stock, SO.1 par value; Authorized 800,000 shares Issued: 275,764 shares in Y2 and YI 27,576 27,576 Additional paid-in capital - Common 273,710 195,810 Retained earings 1,576,545 1,305,366 Accumulated other comprehensive income (loss) (3,950) 3,918 Treasury stock, at cost (63,809 and 59,745 shares in Y2 and Y1, respectively) (1,236,054) (1.053,737) Total stockholders' equity S637.947 $479,053 The stockholders' equity section of the balance sheets for Y2 and Yl is shown above, for Adobe Systems Incorporated (acrobat reader). Please answer the following using the Y2 data (all the questions are independent of one another): 2 Assuming all of the preferred stock was sold at par and that none of the treasury stock has been sold, how much, on average, was received for one share of common stock? b. Assume all of the treasury stock is common stock. At Nov. 29, Y2, how many shares of common stock were outstanding? Using the Y2 information, if 3,000 shares of treasury stock were sold at 525 per share, what would be the journal entry to record this sale? C Focus Adobe Systems, Inc. Stockholders' Equity Questions d. If adobe declared and issued an 8% common stock dividend, with the market value of the common stock being $25 per share, what would be the effect of this stock dividend on (1) common stock, (2) additional paid-in capital, (3) retained earnings, and (4) total stockholders' equity? Use outstanding shares (at Nov. 29, Y2) to answer these questions If Adobe, at Nov. 29, Y2, split its stock 4:1, what would be the following: (1) shares authorized, issued, and outstanding: (2) par value of the stock per share; (3) the change in the total value of common stock; (4) the change in total stockholders' equity? es) Focus