On October 1, Blossom Corporation's stockholders' equity is as follows.

Common stock, $5par value$375,000Paid-in capital in excess of parcommon stock20,000Retained earnings152,000Total stockholders' equity$547,000

On October 1, Blossom declares and distributes a10% stock dividend when the market price of the stock is $14per share.

(a)

Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

Par value before the stock dividend$

Par value after the stock dividend$