The owners equity accounts for Freya International are shown here.

Common stock ($0.60 par value) $30,000

Capital surplus $385,000

Retained earnings $838,120

Total owners equity $1,253,120

a-1. If Freya 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?

New par value $ _____________ per share

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

New shares outstanding ______________

b-2. What is the new par value per share?

New par value $ _____________ per share