Thomas Nelson, Inc., is a publisher of Bibles and other religious materials. Thomas Nelson, Inc., had the following statement of stockholders’ equity for the fiscal year ended March 31, 2004:a. What is the par value of the common stock? Round to the nearest dollar.b. How much did employees pay per share for common stock under the option plan?Round to the nearest cent.c. Record the entry for the common stock issuance under the option plan. d. Record the summary entry for the dividends declared during the year.e. Does the dividend seemsustainable?
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Thomas Nelson Inc is a publisher of Bibles and other

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