Crane Inc. is considering one of three options: (1) paying a $0.49 cash dividend, (2) distributing a 3% stock dividend, or (3) effecting a 4-for-1 stock split. The current fair value is $13 per share. Help Crane 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	$1,827,000
Total Liabilities	$84,000
Common Shares	1,260,000
Retained Earnings	483,000
Total Shareholders' Equity	1.743.000
Total Liabilities and Shareholders' equity	$1,827,000
Number of common shares	63,000