The owners equity accounts for Overby International are shown here:

Common stock ($1 par value)		$	65,000
Capital surplus			233,000
Retained earnings			770,000
Total owners equity		$	1,068,000
a. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? $__________ What is the new par value per share? $_________ b. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? ____________ What is the new par value per share? __________