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. Here are some tips for using Excel: Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "-B5" into a blank cell, the formula would output the value from cell B5. Basic Math Functions: Allow 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). For example, if you entered "=B4+85" in a blank cell, the formula would add the values from those cells and output the result. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. A B D E F G H I 1234567 At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: Required: The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. 6 Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. 7 Use information in column B to complete columns C, D, and E. 8 9 1) Issue a 100% stock dividend. 100% 10 OR 11 2) Execute a 2-for-1 stock split. 2 211622222222222 27 12 OR 13 3) Distribute a $5,000 cash dividend. $5,000 14 15 16 Stockholders' Equity 17 Contributed Capital: Common Stock, at par Additional Paid-in Capital Total Contributed Capital At Dec 31 Stock Dividend 2 for 1 Stock Split Cash Dividend 18 Number of common shares outstanding 5,000 19 Par value per common share 20 $1.00 $5,000 745,000 750,000 23 Retained Earnings 980,000 24 Total Stockholders' Equity $1,730,000 25