The owners equity accounts for Masterson International are shown here:

Common stock ($1 par value) $ 45,000

Capital surplus 157,000

Retained earnings 603,000

Total owners equity $ 805,000

The company declares a two-for-one stock split.

a-1. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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

( Now assume that instead the company declares a one-for-five reverse stock split.

b-1. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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