ABC Corp. has 550,000 shares of $1 par value common stock. The current market price is $100. The CEO of the company is considering either a $0.10 per share cash dividend, or 8% stock dividend, or a 5-for-1 stock split. In the following, for each alternative option, calculate the impact on the items of stockholders' equity for each alternative option in the following table.

		Option 1	Option 2	Option 3
	Original Balances	After $0.1 per share cash dividend	If 8% stock dividend paid	If 5-for-1 stock split
Paid-in capital	$3,500,000
Retained earnings	$12,000,000
Total stockholders' equity	$15,500,000
Outstanding shares	550,000
Par value per share	$1.0
Market value per share	$100
Total Market value of equity	$55,000,000