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After Stock Split 2 $ A Attempts: 0 of 3 used Penny Worth Inc. is considering one of the three following courses of action: (1)

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After Stock Split 2 $ A Attempts: 0 of 3 used Penny Worth Inc. is considering one of the three following courses of action: (1) paying a $0.40 cash dividend, (2) distributing a 6% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Penny Worth make its decision by completing the following chart (treat each possibility independently): Before Action After Cash Dividend After Stock Dividend Total assets $1,372,000 $ Total liabilities $266,000 $ $ Shareholders' equity Common shares 645,000 Retained earnings 461,000 Total shareholders' equity 1,106,000 Total liabilities and shareholders' equity $1,372,000 $ $ Number of common shares 100,000

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