Titanium Metals Company had $25,000,000$ shares of $$0\mathrm{.}05$ par value common stock outstanding which had been sold for an aggregate amount of $$300,000,000.$ The company's shares are traded on the New York Stock Exchange, which has a minimum listing price of $$1$ per share. Recently, the company's common stock has been trading on the exchange below $$1$ per share, and the exchange has notified the company that its common stock would be delisted in $30$ days if the stock price did not rebound above its minimum listing price. In response to this notification, Titanium Metals authorized a $1-$for$-10$ reverse stock split. Following the reverse stock split:

a$.$ How many common shares will be outstanding?

Answer $1$

b$.$ What will be the new par value per share?

$Answer $2$

c$.$ How will the reverse stock split be recorded in the company$$s accounts?

Answer $3$MemorandumJournal Entry

Please answer all parts of the question.