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. FILE Paste Clipboard A1 FI Cash dividends, stock dividends, and stock splits - Excel ? VIEW Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW Calibri 4 11 ' ' % BIU Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Font fx At December 31, Artists Unlimited Company had the following 1234567892229 B 1 At December 31, Artists Unlimited Company had the following D E 2 stockholder's equity components that would be part of the balance sheet: 5 Stockholders' Equity 6 Contributed Capital: 100% 2 $5,000 Stock for 1 Stock Cash At Dec 31 Dividend Split Dividend 7 Number of common shares outstanding 5,000 8 Par value per common share $ 1.00 Common Stock, at par 10 Additional Paid in Capital 11 Total Contributed Capital 12 Retained Earnings $ 5,000 745,000 750,000 980,000 Total Stockholders' Equity $ 1,730,000 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW 11 ' ' % Alignment Number Conditional Format as Cell Formatting Cells Editing Table Styles Styles Calibri Paste BIU Clipboard Font A1 fx A At December 31, Artists Unlimited Company had the following B 10 Additional Paid in Capital 745,000 11 Total Contributed Capital 750,000 12 Retained Earnings 980,000 13 Total Stockholders' Equity $ 1,730,000 14 15 D E 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 29 Sheet1 + READY Attempt(s) Sign In + 100% Hint