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Assets Liabilities and Equity Cash $ 25,000 Accounts payable $ 25,000 Accounts receivable 156,000 Long-term debt 103,000 Inventory 79,000 Common stock ($7 par; 21,000 3,000 shares outstanding) Plant and equipment 190,000 Additional paid-in capital 155,000 Retained earnings 146,000 $450,000 $450,000 Construct a new balance sheet showing the impact of atwo-for-one split. If the current market price of the stock is $50,what is the price after the split? Round the par value and themarket price after the split to the nearest cent, the number ofshares outstanding to the nearest whole number, and the otheranswers to the nearest dollar. Assets Liabilities and Equity Cash $   Accounts payable $   Accounts receivable $   Long-term debt $   Inventory $   Common stock ($   par; $   shares outstanding) Plant and equipment $   Additional paid-in capital $   Retained earnings $   $   $   Price of the common stock after the split: $   Construct a new balance sheet showing the impact of a 10 percentstock dividend. After the stock dividend, what is the new price ofthe common stock? Use the original balance sheet from the problemstatement. Round the par value and the market price after the stockdividend to the nearest cent, the number of shares outstanding tothe nearest whole number, and the other answers to the nearestdollar. Assets Liabilities and Equity Cash $   Accounts payable $   Accounts receivable $   Long-term debt $   Inventory $   Common stock ($   par; $   shares outstanding) Plant and equipment $   Additional paid-in capital $   Retained earnings $   $   $   Price of the common stock after the stock dividend:$