On October $31,$ the stockholders' equity section of Teal Mountain Company's balance sheet consists of common stock $$590,000$ and retained earnings $$354,000.$ Teal Mountain is considering the following two courses of action: $(1)$ declaring and distributing a $10\%$ stock dividend on the $59,000$$$10$ par value shares outstanding or $(2)$ affecting a $2-$for$-1$ stock split that will reduce par value to $$5$ per share. The current market price is $$15$ per share.

Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. $($Round book value per share to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

$\backslash$table$[[,$After,After$],[$Before$,$Stock,Stock$],[$Action$,$Dividend,Split$]]$

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