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The stockholders' equity section of the balance sheet for Atkins Company at December 31, 2007, is as follows: Stockholders' Equity Paid-in capital

The stockholders' equity section of the balance sheet for Atkins Company at December 31, 2007, is as follows:


Stockholders' Equity

Paid-in capital






Preferred stock, ? par value, 6% cumulative,






50,000 shares authorized,






40,000 shares issued and outstanding
$
400,000




Common stock, $10 stated value,






150,000 shares authorized,






60,000 shares issued and ? outstanding

600,000




Paid-in capital in excess of par—preferred

30,000




Paid-in capital in excess of par—common

200,000




Total paid-in capital


$
1,230,000


Retained earnings



250,000


Treasury stock, 2,000 shares



(50,000
)

Total stockholders' equity


$
1,430,000



--------------------------------------------------------------------------------

Note: The market value per share of the common stock is $25, and the market value per share of the preferred stock is $12.


Requirement 1:

What is the par value per share of the preferred stock? (Omit the "$" sign in your response.)


Par value per share
$




Requirement 2:

What is the dividend per share on the preferred stock? (Round your answer to one decimal place. Omit the "$" sign in your response.)

Dividend per share
$




Requirement 3:

What is the number of common stock shares outstanding?


Number of common shares outstanding




Requirement 4:

What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)


Average issue price per share
$




Requirement 5:

What is the difference between the average issue price and the market price of the common stock. (Omit the "$" sign in your response.)


Difference in price
$




Requirement 6:

(a)
If Atkins declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split?


Number of shares outstanding after the split




(b)
What amount would be transferred from the Retained Earnings account because of the stock split? (Omit the "$" sign in your response.)


Amount to be transferred
$




(c)
Theoretically, what would be the market price of the common stock immediately after the stock split? (Round your answer to one decimal place. Omit the "$" sign in your response.)


Market price per share
$



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