The following information applies to the questions displayed below. Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: Paid-in capital: Preferred stock, $150 par value, 5%, cumulative, 100,000 shares authorized, 82,000 shares issued and outstanding Common stock, $6 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 20,000 shares and 19,000 shares, respectively Total stockholders' equity May 31, 2019 April 30, 2019 $12,300,000 $12,300,000 } 14,820,000 12,220,000 1,980,000 14,440,000 11,944,000 (1,840,000) (1,824,000) ? $38,840,000 Check my wor g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $34 per share. 1. What will be the par value, and how many shares of common stock will be authorized after the split? Par value Number of shares 2. What will be the market price per share of common stock after the split? Market price 3. How many shares of common stock will be in the treasury after the split? Number of shares