Computation of par value of stock after split off.

a. On December 10, Daniel Co split its stock 5-for-2 when the market value was $65 per share. Prior to the Split, Daniel had 200,000 shares of $15 par value stock. After the split the par value of the stock was?

b. At December 31, 2007 Reed Corp owed notes payable of $1,000,000 with the maturity date of April 30, 2008, these notes didn't arise from transactions in the normal course of business. On February1, 2008, Reed issued $3,000,000 of 10 year bonds with the intention of using part of the bond proceeds to liquidate the $1,000,000 of notes payable. Reeds December 31, 2007, financial statements were issued on March 29. How much of the $1,000,000 notes payable should be classified as current in Reeds balance sheet at December, 2007?