E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Common stock (5) par value) Additional paid in capital Retained earnings Treasury stock $ 720, eee 978, cee 710,00 concen Required: Complete the table below for each of the two following independent caten: ((Round "Par value por sharo" amounts to 2 decimal places.) Case 1 The board of directors declared and issued a 60 percent stock dividend when the stock was selling at $5 per share. Case 2 The board of directors announced a 6-for-5 stock split (te, a 20 percent Increase in the number of shares). The market price prior to the split was $5 per share. places Case 1: The board of directors declared and issued a 60 percent stock dividend when the stock was selling at $5 per share Case 2: The board of directors announced a 6-for-5 stock split(le, a 20 percent increase in the number of shares). The market price prior to the split was $5 per share Before Dividend and Split After Stock Dividend After Stock Split $ 3.00 Items Common stock account Par value por share Shares outstanding Additional paid in capital Retained oamings Total stockholders equity $ $ 970,000 710,000