XYZ Corp, STOCKHOLDERS EQUITY SECTION OF BALANCE SHEET
(amounts in thousands, except per share amounts)
	Dec.31, Y8		Dec 31, Y7
Stockholders equity:
Preferred stock, $0.15 par value; 20,000 shares authorized;
12,200 shares issued and outstanding in Y8 and Y7	$1,830		$1,830
Common stock, $0.15 par value; Authorized 800,000 shares;
Issued: 357,700 shares in Y8 and Y7	53,655		53,655
Additional paid-in capital	273,710		195,810
Retained earnings	1,576,545		1,305,366
Accumulated other comprehensive income (loss)	(3,950)		3,918
Treasury stock, at cost (63,809 and 59,745 shares in Y2 and Y1,
respectively)	(1,236,054)		(1,053,737)
Total stockholders equity	$665,736		$506,842

The stockholders equity section of the balance sheets for Y8 and Y7 is shown above, for XYZ Corp. Please answer the following, using the Y8 data (all the questions are independent of one-another):

a. Assuming all of the preferred stock was sold at par and that none of the treasury stock has been sold, how much, on average, was received for one share of common stock?

b. Assume all of the treasury stock is common stock. At Dec. 31, Y8, how many shares of common stock were outstanding?

c. Using the Y8 information, if 3,000 shares of treasury stock were sold at $25 per share, what would be the journal entry to record this sale?

d. Assuming all of the treasury stock is common stock, if XYZ declared and issued an 8% common stock dividend, with the market value of the common stock being $25 per share, what would be the effect of this stock dividend on (1) common stock, (2) additional paid-in capital, (3) retained earnings, and (4) total stockholders equity? Use outstanding shares (at Dec 31 Y8) to answer these questions.

e. If XYZ, at Dec. 31, Y8, split its stock 4:1, what would be the following: (1) shares authorized, issued, and outstanding; (2) par value of the stock per share; (3) the change in the total value of common stock; (4) the change in total stockholders equity?