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Crane Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% dividend, or

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Crane Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Crane make its decision by completing the following table (treat each possibility independently). Total assets Before Action $1,320,000 Total liabilities Stockholders' equity $400,000 $ LA (1) After Cash Dividend $ +A $ (2) After Stock Dividend

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