LO 11-2, 11-3, 11-7 Problem 11-26A Analyzing the stockholders' equity section of the balance sheet CHECK FIGURES a. Par Value per Share: $20 b. Dividend per Share: $1.20 The stockholders' equity section of the balance sheet for Mann Equipesent Co. at December 31, Year 1, is as Sollows Stockholders Equlity Paid-in capital Preferred stock. ? par value, 6% cumulat ve, 100,000 shares authortred, 10,000 shares $200,000 issued and outstanding Common stock, $10 stated value, 200,000 shares audthortzed, 100,000 shares issued and outstanding Pald-in capital in excess of par-Preferred Paid in capital in excess of stated value-Common 1,000,000 25,000 Total paid in capital Retained earnings otal stockholders equity 1,725,000 420,000 2145,000 Note The market value per share of the commion stosk is $42, and the market value per share of the preferrod stock is $26 Pape 627 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 was the average issue price per share (price for which the stock was issued) of the common stock? d. Explain the difference betaveen the par vabbe and the market price of the preferred stock e. If Mann declares a 2-Sor-I slock split oe the common stock, how many shares will be outstanding aftcr the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the markct price of the common stock immediately after the stock split? 11-26 C. 2