The owners' equity accounts for Alexander International are shown here. Common stock ($0.50 par value) $ 46,000 Capital surplus 380,000 Retained earnings 828,120 Total owners equity $ 1,254,120

a-1 If Alexander declares a four-for-one stock split, how many shares are outstanding now?

New shares outstanding........

a-2 What is the new par value per share? (Round your answer to 3 decimal places. (e.g., 32.161))

New par value ........$ per share

b-1	If Alexander declares a one-for-five reverse stock split, how many shares are outstanding now?

New shares outstanding

18,400

b-2 What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16))

New par value ...........$ per share