Blossom Inc. is considering one of three options: (1) paying a $0.65 cash dividend, (2) distributing a 4% stock dividend, or (3) effecting a 3-for-1 stock split. The current fair value is $14 per share.

Help Blossom decide what to do by completing the following chart (treat each possibility independently):

		Before Action		After Cash Dividend		After Stock Dividend		After Stock Split
Total assets		$1,843,000		$		$		$
Total liabilities		$66,000		$		$		$
Common shares		1,344,000
Retained earnings		433,000
Total shareholders’ equity		1,777,000
Total liabilities and shareholders’ equity		$1,843,000		$		$		$
Number of common shares		64,000