The owners equity accounts for Trans World International are shown here:

Common stock ($1 par value)

$

65,000

Capital surplus

242,000

Retained earnings

800,000

Total owners equity

$

1,107,000

Requirement 1:
Trans World declares a two-for-one stock split.
(a)	How many shares are outstanding now?

(b)	What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

Trans World declares a one-for-five reverse stock split.

(a)

How many shares are outstanding now?

(b)	What is the new par value per share?