The following pertains to questions 9-16, and was taken from the Stockholders' Equity section of the Balance Sheet of Montage Co. at December 31, 2019: Preferred stock..? par value, 7% cumulative, 100,000 shs authorized, 20,000 shs issued & outstanding $. 300,000 Common Stock, $2 par value, 2,000,000 shs authorized 500,000 shares issued,? shares outstanding... 1,000,000 Paid in capital in excess of par preferred 25,000 SEREBRERERERE ERRER ** Paid in capital in excess of par. common 400,000 Retained earnings 520,000 Treasury stock, 3,000 common shs (39,000) Total Stockholder Equity $ 2,386,000 The market price per share of common stock was $40, and the market price per share of preferred stock was $30. 9. What is the par value of the preferred stock? Answer 10. How much is the dividend per share on the preferred stock? Answer 11. How many shares of common stock are outstanding? Answei 12. What was the average price per common share issued? Answer 13. If Montage Co. declared a 4 for 1 stock split on the common stock, how many shares would be outstanding immediately after the split? Answer 14. What amount would be transferred from Retained Earnings because of the stock split? Answer 15. Theoretically, what would be the market price per common share immediately after the stock split? Answer 16. What was the average price per preferred share issued