Exercise 14-4 On October 31, the stockholders' equity section of Heins Company consists of common stock $ action: (1) declaring a 4% stock dividend on the 27,500, market price is $14 per share. s considering the following two courses of $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 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 In excess of par Total paid-in capital Retained earnings equity Outstanding shares Par value per share Total stockholders