The stockholders equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows:

Stockholders Equity

Paid-in capital Preferred stock, ? par value, 5% cumulative,

230,000 shares authorized, 53,000 shares issued and outstanding $ 636,000

Common stock, $25 stated value, 280,000 shares

authorized, 53,000 shares issued and outstanding 1,325,000

Paid-in capital in excess of parPreferred 43,000

Paid-in capital in excess of stated valueCommon 159,000

Total paid-in capital 2,163,000

Retained earnings 380,000

Total stockholders equity $ 2,543,000

Note: The market value per share of the common stock is $44, and the market value per share of the preferred stock is $25.

Required

a. What is the par value per share of the preferred stock?

b. Whart is the divided per share on the prefered stock? (Round answer to 2 dicmal places.)

c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round answer to 2 dicmal places.)

d. If Mann declares a 2- for - 1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split?