Question: 1. ((a) Progressive Services, Inc. has just declared a 7 for 3 stock split. The company's pre-split common stockholders' equity was as follows: If the

1. ((a) Progressive Services, Inc. has just declared a 7 for 3 stock split. The company's pre-split common stockholders' equity was as follows: If the pre-split price of common stock was $40, what will be the amount of retained earnings after the split? ( 3 points). (b) ABC Inc. has the following current equity accounts on its balance sheet: If ABC earned $5.00 per share this year, what is the maximum dividend per share that ABC. pay if the state capital impairment provisions are limited to the par value and 50% of the contributed capital in excess of par accounts? (3 points)

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