Exercise 14-04 On October 31, the stockholders equity section of Carla Vista Company consists of common stock $345,000 and ratained earnings $899,000. Carla Vista is considering tha following two courses of action: (1) declaring a 6% stock dividend on the 34,500, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $13 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share Before Action After Stock After Stock Split Stockholders equity Paid-in capital In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share Click if you would like to Show Work for this question: Open Shot Work