A firm has the following items on its balance sheet:

Cash $ 20,000,000 Inventory 134,000,000 Notes payable to bank 31,500,000 Common stock ($10 par; 1,000,000 shares outstanding) 10,000,000 Retained earnings 98,500,000 Describe how each of these accounts would appear after the following:

a) A cash dividend of $1 per share

b) 10 percent stock dividend (fair market value of stock is $13 per share)

c) A 3-for-1 stock split

d) A 1-for-2 reverse stock split