Problem 11-26A (Algo) Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 1, is as follows. Stockholders' Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 250,000 shares authorized, 55,000 shares issued and outstanding Common stock, $20 stated value, 300,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital. Retained earnings Total stockholders' equity Check my work mode: This shows what is correct or incorrect for the work you have completec a. b. C. e- 1. Note: The market value per share of the common stock is $40, and the market value per share of the preferred stock is $27. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) e- 2. e-1. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? e-2. What amount will be transferred from the retained earnings account because of the stock split? e-3. Theoretically, what will be the market price of the common stock immediately after the stock split? e- 3. X Answer is not complete. Par value per share Dividend per share Average issue price per share- Shares outstanding after the split Amount transferred form retained earnings Market price of common stock after split $ $ $ 550,000 1,100,000 45,000 165,000 10 0.60 / $55,000.00 X $ 1,860,000 400,000 $ 2,260,000

Problem 11-26A (Algo) Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Companv at Doramhan se rvote: Ine market value per share of the common stock is $40, and the market value per share of the preferred stock is $27. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) e-1. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? e-2. What amount will be transferred from the retained earnings account because of the stock split? e-3. Theoretically, what will be the market price of the common stock immediately after the stock split