A14-16 Stock Dividend and Stock Split (LO 14-6, 14-7) At the end of 20X6, Home Ltd. reported the following in shareholders' equity: Common shares, no-par value; authorized, unlimited shares; issued, 14,770,000 shares Retained earnings $19, 281,000 53, 190,000 $72, 471,000 At this time, the shares were trading in the range of $4 to $6 per share on public stock markets. The company's board of direction is contemplating two alternative courses of action: aces 1. Declaring a 50% stock dividend, or 2 Executing a 3-for-2 stock split. Required: 1. Prepare the shareholders' equity section for each alternative, assuming that market value is used to capitalize the stock dividend Common shares, no-par value, authorized, unlimited shares, issued Retained eamings Before (Not Stock Dividend Stock Split Required) $ 19,281,000 $ 56,206,000 $ 19,281,000 53,190,000 16,265,000 53,190,000 $ 72,471,000 $ 72,471,000 $ 72,471.000