The owners' equity accounts for Octagon International are shown here: $ 37,500 Common stock ($.60 par value) Capital surplus Retained earnings 325,000 718,120 Total owners' equity $1,080,620 a-1. The company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a. The company declares a two-for-one stock split. What is the new par value per 2. share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b- The company declares a one-for-four reverse stock split. How many shares are 1. outstanding now? (Do not round intermediate calculations.) b- The company declares a one-for-four reverse stock split. What is the new par value 2. per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) per share a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value per share