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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, "-B9" 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 "B11+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 1 At December 31, Artists Unlimited Company had the following 2 stockholder's equity components that would be part of the balance sheet: 100% Stock Dividend S5,000 Cash Dividend 4 for 1 Stock S Stockholders' Equity 6 Contributed Capital: 7 Number of common shares outstanding At Dec 31 Split 5,000 10,000 1.00 10,000 745,000 755,000 975,000 1.00 S 5,000 $ r value per common share 9Common Stock, at par 10Additional Paid in Capital 11Total Contributed Capital 12 Retained Earnings 13Total Stockholders' Equi 745,000 750,000 980,000 1,730,000 14 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, n11) 1 a100% 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