Exercise 14-04 Your answer is partially correct. Try again. On October 31, the stockholders' equity section of Ivanhoe Company consists of common stock $265,000 and retained earnings $883,000. Ivanhoe is considering the following two courses of action: (1) declaring a 6% stock dividend on the 26,500, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 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 Dividend After Stock Split Stockholders' equity Paid-in capital Common stock 265000.00 289000.00 265000.00 In excess of par 1590.00 Total paid-in capital 265000.00 290590.00 | 265000.00 Retained earnings 883000.00 579590.00 883000.00 Total stockholders' equityd 1148000.00 870180 1148000.00 Outstanding shares 26500.00 Par value per share 10.00 10.00 5.00