E11.6 (LO3) Laine Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $14 per share. Instructions Help Laine make its decision by completing the following chart (treat each possibility independently): (1) (2) (3) Before Action After Cash Dividend After Stock Dividend After Stock Split Total assets $1,250,000 Total liabilities $ 250,000 Shareholders' equity Common shares 600,000 Retained earnings 400,000 Total shareholders' equity 1,000,000 Total liabilities and shareholders' equity $1,250,000 Number of common shares 100,000 Indicate impact of transactions on shareholders' equity