The stockholders equity section of the balance sheet for Quinn Equipment Co. at December 31, 2013, is

The stockholders’ equity section of the balance sheet for Quinn Equipment Co. at December 31, 2013, is as follows:

The market value per share of the common stock is $40, and the market value per share of the preferred stock is $28.

Required
a. What is the par value per share of the preferred stock?
b. What is the dividend per share on the preferred stock?
c. What was the average issue price per share (price for which the stock was issued) of the common stock?
d. Explain the difference between the par value and the market price of the preferred stock.
e. If Cross 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 stocksplit?

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Stockholders' Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized, 5,000 shares 125,000 issued and outstanding Common stock, S20 stated value, 200,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common 1,000,000 25,000 500,000 Total paid-in capital Retained earnings Total stockholders' equity $1,650,000 420,000 $2,070,000