The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows. Stoc

[answerhappygod]

The stockholders’ equity section of the balance sheet for MannEquipment Co. at December 31, Year 2, is as follows. Stockholders’Equity Paid-in capital Preferred stock, ? par value, 5% cumulative,130,000 shares authorized, 43,000 shares issued and outstanding $516,000 Common stock, $12 stated value, 180,000 shares authorized,43,000 shares issued and ?? shares outstanding 516,000 Paid-incapital in excess of par—Preferred 33,000 Paid-in capital in excessof stated value—Common 258,000 Total paid-in capital $ 1,323,000Retained earnings 280,000 Treasury stock, 1,000 shares (28,000 )Total stockholders’ equity $ 1,575,000 Note: The market value pershare of the common stock is $32, and the market value per share ofthe preferred stock is $15. Required What is the par value pershare of the preferred stock? What is the dividend per share on thepreferred stock? What is the number of common stock sharesoutstanding? What was the average issue price per share (price forwhich the stock was issued) of the common stock? If Mann EquipmentCompany declared a 2-for-1 stock split on the common stock, howmany shares would be outstanding after the split? What amount wouldbe transferred from the Retained Earnings account because of thestock split? Theoretically, what would be the market price of thecommon stock immediately after the stock split?