The owners equity accounts for Octagon International are shown here:

Common stock ($.40 par value)	$	32,500
Capital surplus		315,000
Retained earnings		698,120
Total owners equity	$	1,045,620

a-1.	The company declares a four-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.)
a-2.	The company declares a four-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
b-1.	The company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.)
b-2.	The company declares a one-for-five reverse stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)