Problem 11-27A (Static) Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 117 The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 1, is as follows. Itochtotdnri* Equtty Pajdelin eapital outintanding pafd-in eapital in encess of pat-breferted paid-in eapital in excenn of itated valup-Coemen Total paid-in eapital inotaimal earninger Fetal etoekholderis? equity Note: The market value per share of the common stock is $42, and the matket value per share of the preferred stock is $26 Required a, What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? Note: Round your answer to 2 decimal places. c. What wos the average issue price per shate (price for which the stock was issued) of the cammon stock? e. If Menn declares in 2 for 1 stock tpil on the cemmon stock, how many shares will be outstanding after the split? What amount will be transfetted from the retined exmings account becouse of the stock split? Thoorptically what will be the market price of the corninon stock immediately after the stock spil? Answer is complete but not entirely correct. \begin{tabular}{|l|l|l|} \hline a. Par value per share & $ & 20 \\ \hline b. Dividend per share & $ & 1.20 \\ \hline c. Average issue price per share & $ & 150 \\ \hline e. Shares outstanding after the split & 198,000 \\ \hline e. Amount transferred from retained earnings & $ & 0 \\ \hline e. Market price of common stock after split & $ & 210 \\ \hline \end{tabular}