At the end of 20X6, Home Ltd reported the following in shareholders' equity Common shares, no-par value; authorized, unlimited shares; issued, 14,820,000 shares Retained earnings $19,346,000 53,230,00 $72,576,000 At this time, the shares were trading in the range of $4 to $6 per share on public stock markets. The company's board of directors is contemplating two alternative courses of action 1. Declaring a 50% stock dividend, or 2. Executing a 3-for-2 stock split. Required: 1. Prepare the shareholders' equity section for each alternative, assuming that market value is used to capitalize the stock dividend. Before (Not Required) Stock Dividend Stock Split Common shares, no par value; authorized unlimited shares issued. Retained earnings 2. What would the expected share price be assuming a share price of $4 for alternative 1 and a share price of $6 for alternative 2? (Round your answers to 2 decimal places.) Case 1 Case 2 3-a. Which alternative would shareholders prefer? Declaring a 50% stock dividend Executing a 3-for-2 stock split Oshareholders are indifferent in both situations 3b. Not available in Connect 4. Which alternative would the company prefer? Declaning a 50% stock dividend, or OExecuting a 3-for-2 stock split Shareholders are indifferent in both situations