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On October 31, the stockholders' equity section of Crane Company consists of common stock $365,000and retained earnings $903,000. Crane is considering the following two courses of action: (1) declaring a6% stock dividend on the36,500, $10par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5per share. The current market price is $16per share.

Make a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share.