On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for an event, select "No journal entry required" in the first account field.) What is the par per share after the split