Problem 3: The following questions relate to the 2010 and 2009 year-end Balance Sheet information for Magee Co. which is shown below. a. What was the average price per share the company received from its 2010 issuance of conmon stock? b. What amount did the company dedare as a dividend in 2010? c. If Magee had issued a 3 for 1 stock split at the end of 2010, how would the amounts in the company's equity accounts have differed from those shown? Commert. d. What was the average repurchase price of the treasury stock during 2010? Magee Co. Comparative Balance Sheet Information Liabilities and Stockholder Equity 2010 2009 Accounts payable 5,000 22,500 Note payable (due 8/15/09) 40,000 22,500 Common stock ($4 par). 320,000 100,000 Additional paid in capital 382,500 225,000 Treasury stock (45,000) (0) Retained Earnings 450, 500 123,000 Total Liabilities & SE $1,161,000 $493,000 The conpany's 2010 net income was $430,000. The company is authorized to issue 100,000 shares, it has 72,000 shares of common stock outstanding