The owners equity accounts for Overby International are shown here:

Common stock ($1 par value)		$	60,000
Capital surplus			194,000
Retained earnings			640,000
Total owners equity		$	894,000

a. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares outstanding 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.) New par value $ per share b. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares outstanding What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New par value $ per share