The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock, ? par value, 5% cumulative, 220,000 shares authorized, 52,000 shares issued and outstanding Common stock, $20 stated value, 270,000 shares. $520,000 authorized, 52,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Total stockholders' equity 1,040,000 42,000 234,000 1,836,000 370,000 $2,206,000 Note: The market value per share of the common stock is $38, and the market value per share of the preferred stock is $24. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) a. Par value per share b. Dividend per share