Current Attempt in Progress On October 31, the stockholders' equity section of Crane Company consists of common stock $365,000 and retained earnings $903,000. Crane is considering the following two courses of action: (1) declaring a 6% stock dividend on the 36,500, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. Stockholders' equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share $ $ Before Action $ $ After Stock Dividend $ After Stock Split 100

urrent Attempt in Progress On October 31, the stockholders' equity section of Crane Company consists of common stock $365,000 and retained earnings $903,000. Crane is considering the following two courses of action: (1) declaring a 6% stock dividend on the 36,500,$10 par value shares outstanding, or (2) effecting a 2 -for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share