Brief Exercise $18-14($Algo$)$ Stock split $[$LO$18-8]$

On June $13,$ the board of directors of Siewert Incorporated declared a $2-$for$-1$ stock split on its $50$ million, $$2\mathrm{.}00$ par, common shares, to be distributed on July $1.$ The market price of Siewert common stock was $$33$ on June $13.$

Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a $100\%$ stock dividend. What is the par per share after the split?