Use the following to answer questions 37-44. It was taken from the Stockholders' Equity section of the Balance Sheet of Montage Co. at December 31, 2019: Preferred stock, ? par value, 7% cumulative, 100,000 shs authorized, 20,000 shs issued & outstanding $ 300,000 Common Stock, $2 par value, 2,000,000 shs authorized 500,000 shares issued, ? shares outstanding... 1,000,000 Pald in capital in excess of par - preferred 25,000 Paid in capital in excess of par - common 400,000 Retained earnings 520,000 Treasury stock, 3,000 common shs (39,000) Total Stockholder Equity $ 2,386,000 HERRE ** HERRE HERE The market price per share of common stock was $40, and the market price per share of preferred stock was $30. T 37. What is the par value of the preferred stock? Answer 38. How much is the dividend per share on the preferred stock? Answer 39. How many shares of common stock are outstanding? Answer 40. What was the average price per common share issued? Answer 41. If Montage Co. declared a 4 for 1 stock split on the common stock, how many shares would be outstanding immediately after the split? Answer 42. What amount would be transferred from Retained Earnings because of the stock split? Answer 43. Theoretically, what would be the market price per common share immediately after the stock split? Answer 44. What was the average price per preferred share issued