Cullumber Inc. is considering one of the three following courses of action: (1) paying a $0.60 cash dividend, (2) distributing a 5% dividend, or (3) effecting a 2-for-1 stock split. The current share price is $15 per share. Help Cullumber make its decision by completing the following table (treat each possibility independently). Total assets Before Action (1) After Cash Dividend $1,220,000 $ (2) After Stock Dividend 1160000 $ 1220000 Total liabilities $250,000 $ 250000 250000 Stockholders' equity Common stock 630,000 630000 705000 Retained earnings 340,000 280000 265000 Total stockholders' equity 970,000 970000 Total liabilities and stockholders' equity $1,220,000 $ 1220000 Number of common shares 105.000 105000 110000