On October $31,$ the stockholders' equity section of Cullumber Company consists of common stock $$315,000$ and retained earnings $$893,000.$ Cullumber is considering the following two courses of action: $(1)$ declaring a $6\%$ stock dividend on the $31,500,$$$10$ par value shares outstanding, or $(2)$ effecting a $2-$for$-1$ stock split that will reduce par value to $$5$ per share. The current market price is $$14$ 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.

$\backslash$table$[[,\backslash$table$[[$Before$],[$Action$]],\backslash$table$[[$After$],[$Stock$],[$Dividend$]],\backslash$table$[[$After$],[$Stock$],[$Split$]]],[$Stockholders$\text{'}$ equity$],[$Paid$-$in capital$],[$Common stock,$$,$$$,$$