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The company with the common equity accounts shown here has decided on a two-for-one stock...

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Accounting

The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 32-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last years dividend on the presplit stock.
Common stock ($1 par value) $ 520,000
Capital surplus 1,560,000
Retained earnings 3,888,000
Total owners equity $ 5,968,000
a. What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What was last years dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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