derina the stockholders' equity section af Cu umber Company's balance sheet consists o common stock $558 000 and retained earnings03,000. Cullumber is considering the following two courses af action: On October 31, (1) Declaring a % stock dividend on the3,DOD SD par value shares outstanding (2) Effacting a 2-for-1 stock split that will reduce par valuc to $3 per shara Tha current market price is $17 per share Prepare a tabular summary of the effects of the alternative actions on the company's stockholders equity and outstanding shares. Balance Sheet Before Action After Stock Dividend After Stock Split Stockholders equity Paid-in capital Retained earnings Total stockholders equity Outstanding shares