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Crown Point Inc. is considering one of the three following courses of action: (1) paying a $0.6 cash dividend, (2) distributing a 5% stock dividend,

Crown Point Inc. is considering one of the three following courses of action: (1) paying a $0.6 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $15 per share. Help Crown Point make its decision by completing the following chart (treat each possibility independently): Before Action After Cash Dividend After Stock Dividend After Stock Split Total assets $1,174,000 $enter a total amount for the first part $enter a total amount for the first part $enter a total amount for the first part Total liabilities $232,000 $enter a total amount for section one of the second part $enter a total amount for section one of the second part $enter a total amount for section one of the second part Shareholders equity Common shares 553,000 enter a dollar amount enter a dollar amount enter a dollar amount Retained earnings 389,000 enter a dollar amount enter a dollar amount enter a dollar amount Total shareholders equity 942,000 enter a total amount for section two of the second part enter a total amount for section two of the second part enter a total amount for section two of the second part Total liabilities and shareholders equity $1,174,000 $enter a total amount for the second part $enter a total amount for the second part $enter a total amount for the second part Number of common shares 100,000 enter a number of shares enter a number of shares enter a number of shares

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