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

Stockholders Equity
Paid-in capital
Preferred stock, ? par value, 5% cumulative,
200,000 shares authorized, 50,000 shares issued and outstanding	$	600,000
Common stock, $15 stated value, 250,000 shares authorized, 50,000 shares issued and ?? shares outstanding		750,000
Paid-in capital in excess of parPreferred		40,000
Paid-in capital in excess of stated valueCommon		270,000
Total paid-in capital				$	1,660,000
Retained earnings					350,000
Treasury stock, 8,000 shares					(32,000	)
Total stockholders equity				$	1,978,000

Note: The market value per share of the common stock is $40, and the market value per share of the preferred stock is $22.

Required

1. What is the par value per share of the preferred stock?

2. What is the dividend per share on the preferred stock?

3. What is the number of common stock shares outstanding?

4. What was the average issue price per share (price for which the stock was issued) of the common stock?

6. If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split? What amount would be transferred from the Retained Earnings account because of the stock split? Theoretically, what would be the market price of the common stock immediately after the stock split?

c. What is the number of common stock shares outstanding? d. What was the average issue price per share (price for which the f. If Mann Equipment Company declared a 2-for-1 stock split on the split? What amount would be transferred from the Retained Earnin be the market price of the common stock immediately after the stc * Answer is complete but not Complete this question by entering your answers in the tabs bel a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Rlound your answy c. What is the number of common stock shares outstanding? d. What was the average issue price per share (peice for which the stock wat answer to nearest whole dollar.) 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 is the number of common stock shares outstanding? d. What was the average issue price per share fprice for which the stock f. If Mann Equipment Company declared a 2 .for-1 stock split on the comm split? What amount would be transferred from the Retained Earnings as be the market price of the common stock immediately after the stock s * Answer is complete but not entire Complete this question by entering your answers in the tabs befow. If Mann Equipment Company declared a 2 -far-1 stock split on the common stock. after the spdit? What amount would be transferred frem the Retained Eamings ace Theoretically, what would be the market price of the common stock immedlatedy a

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