The stockholders' equity section of the balance sheet for Atkins Company at December 31, 2011, is as follows.

Note: The market value per share of the common stock is $25, and the market value per share of the preferred stock is $12.
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 is the number of common stock shares outstanding?
d. What was the average issue price per share (price for which the stock was issued) of the common stock?
e. Explain the difference between the average issue price and the market price of the common stock.
f. If Atkins 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 stocksplit?

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Stockholders' Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 50,000 shares authorized, 40,000 shares issued and outstanding S400,000 Common stock, S10 stated value, 150,000 shares authorized, 60,000 shares issued and? outstanding 600,000 30,000 200,000 Paid-in capital in excess of par-preferred Paid-in capital in excess of par-common Total paid-in capital Retained earnings Treasury stock, 2,000 shares Total stockholders' equity $1,230,000 250,000 (50,000) $1,430,000