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Current Attempt in Progress Sunland Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing

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Current Attempt in Progress Sunland Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 4% dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. There are 145,000 shares of no-par st Help Sunland make its decision by completing the following table (treat each possibility independently). Total assets Total liabilities Stockholders' equity Common stock Retained earnings (1) (2) Before Action After Cash Dividend After Stock Dividend $1,310,000 $ $ $ $410,000 $ 580,000 320,000 $ Total stockholders' equity 900,000 Total liabilities and stockholders' equity $1,310,000 $ $ Number of common shares eTextbook and Media Save for Later 145,000 (3) After Stock Split

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