Problem 14-5 Stock Splits (LO 3] The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 45,000 Capital surplus 157,000 Retained earnings 603,000 Total owners' equity $805,000 The company declares a two-for-one stock split. a-1. How many shares are outstanding now? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. What is the new par value per share?(Do not round Intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.) a-1. New shares outstanding a-2. New par value per share Now assume that instead the company declares a one-for-five reverse stock split. b-1.How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b- What is the new par value per share? (Do not round Intermediate calculations and 2. round your answer to the nearest whole number, e.g., 32.) b-1. New shares outstanding b-2. New par value per share