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Calculating Cash Dividends, Stock Dividends and Stock Splits using Excel's Basic Math Functions Artists Unlimited Company has provided the stockholders' equity section of the balance sheet as of December 31. The Controller has asked you to calculate different distribution options to stockholders for management to consider. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "89" was entered, the formula would output the result from cell B9, or $5,000 in this example. . Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract). (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=811+B12" was entered, the formula would add the values from those cells and output the result, or $1,730,000 in this example. If using the other math symbols the result would output an appropriate answer for its function. Cash dividends, stock dividends, and stock splits- Excel ? 3 5 x FILE FORMULAS HOME INSERT DATA REVIEW VIEW X Calibri % Alignment Number Conditional Format as Cell 1 Cells BIU. 88- Editing Formatting Table Styles- Paste Clipboard Font G Styles Al x fe At December 31, Artists Unlimited Company had the following A C D 1 At December 31, Artists Unlimited Company had the following 2 stockholder's equity components that would be part of the balance sheet: 3 100% Stock 5 Stockholders' Equity At Dec 31 Dividend 6 Contributed Capital: 7 Number of common shares outstanding 8 Par value per common share 9 Common Stock, at par 10 Additional Paid in Capital 11 Total Contributed Capital 12 Retained Earnings 13 Total Stockholders' Equity 14 15 PAGE LAYOUT -11 . S $ $ 5,000 1.00 5,000 745,000 750,000 980,000 1,730,000 2 for 1 Stock Split Sign In E $5,000 Cash Dividend 15 16 Required: 17 The company is considering 3 alternative distributions to stockholders. Consider each alternative independently of the others. 18 Complete the table above and show the resulting balances on the stockholders' equity section as a result of these distributions. 19 Use only cell references in formulas. Use cells C3, D3, and E3 as appropriate. Do not reference cells from one alternative in another alternative. 20 21 1) Issue a 100% stock dividend. 22 OR 23 2) Execute a 2-for-1 stock split. 24 OR 25 3) Distribute a $5,000 cash dividend. 26 27 28 Sheet1