(Dividends and Splits) Gutsy Company provides you with the following condensed balance sheet information.

instructions For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders’ equity.
(Each situation is independent.)

(a) Gutsy declares and pays a $0.50 per share cash dividend.

(b) Gutsy declares and issues a 10% stock dividend when the market price of the stock is $14 per share.

(c) Gutsy declares and issues a 40% stock dividend when the market price of the stock is $15 per share.

(d) Gutsy declares and distributes a property dividend. Gutsy gives one share of ABC stock for every two shares of Gutsy Company stock held. ABC is selling for $10 per share on the date the property dividend is declared.

(e) Gutsy declares a 2-for-1 stock split and issues new shares.

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Current assets Assets Liabilities and Stockholders' Equity $ 40,000 Investments in ABC stock Current and long-term liabilities Stockholders' equity (10,000 shares at cost) 60,000 Equipment (net) 250,000 Intangibles 60,000 Total assets $410,000 Common stock ($2 par) Paid-in capital in excess of par Retained earnings Total liabilities and stockholders' equity $100,000 $ 20,000 110,000 180,000 310,000 $410,000