Question 2-Stock Split Leaf and Blossom Ltd. reports the above information in their balance sheet to start the year. Shareholders' Equity Contributed capital Preferred shares, $7.00, $90 liquidation value, 5,000 shares authorized, 1,000 shares issued and outstanding Common shares, 20,000 shares authorized, 5,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity $100,000 150,000 250,000 90,000 $340,000 On March 28, 2021 they do a 3-for-1 stock split on their common shares. Required: Use the above information to answer the following questions: 1) What is the value per share on the common shares BEFORE the stock split? 2) After the stock split: a) How many shares will be outstanding? How many NEW shares were issued? b) What is the value per share for the common shares? c) What is the total value of Common Shares?