Stock Dividends and Stock Splits Whitacre Company's Stockholders' Equity section of the balance sheet on December 31, 2016, was as follows: Common stock, $10 par value, 60,000 shares $600,000 issued and outstanding Additional paid-in capital 480,000 Retained earnings 1,240,000 Total stockholders' equity $2,320,000 On May 1, 2017, Whitacre declared and issued a 15% stock dividend, when the stock was selling for $20 per share. Then on November 1, it declared and issued a 2-for-1 stock split. Required: 1. How many shares of stock are outstanding at year-end? 0 X shares 2. What is the par value per share of these shares? 10 per share