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Blossom Inc. is considering one of three options: (1) paying a $0.30 cash dividend, (2) distributing a 3% stock dividend, or (3) effecting a 2-for-1

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Blossom Inc. is considering one of three options: (1) paying a $0.30 cash dividend, (2) distributing a 3% stock dividend, or (3) effecting a 2-for-1 stock split. The current fair value is $12 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 $1,800,000 $ $ $ Total assets Total liabilities $65,000 $ $ $ Common shares 990,000 Retained earnings 745,000 Total shareholders' equity 1,735,000 Total liabilities and shareholders equity $1,800,000 $ $ $ Number of common shares 55.000

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