The owners' equity accounts for Alexander International are shown here.

Common stock ($0.50 par value)	$	35,000
Capital surplus		320,000
Retained earnings		708,120
Total owners equity	$	1,063,120

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

New shares outstanding

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