E11-23 (Static) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Required: Complete the table below for each of the two following independent cases: Note: Round "Par value per share" amounts to 2 decimal places. Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share. Case 2: The board of directors announced a 6 -for- 5 stock split. The market price prior to the split was $12 per share. Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share. Case 2: The board of directors announced a 6 -for- 5 stock split. The market price prior to the split was $12 per share. E11-23 (Static) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Required: Complete the table below for each of the two following independent cases: Note: Round "Par value per share" amounts to 2 decimal places. Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share. Case 2: The board of directors announced a 6 -for- 5 stock split. The market price prior to the split was $12 per share. Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share. Case 2: The board of directors announced a 6 -for- 5 stock split. The market price prior to the split was $12 per share