On October 31, Lynch Corporation's liabilities totalled $199,000. Its shareholders' equity consisted of 79,000 common shares issued for $790,000 and retained earnings, $235,000. Lynch is considering the following three courses of action: (1) paying a $0.70 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price of Lynch's common shares is $15 per share. Complete the following tabular summary of the effects of the alternative actions on Lynch's shareholders' equity and number of shares. Before Action (1) After Cash Dividend (2) After Stock Dividend (3) After Stock Split Total assets $1,224,000 $ $ Total liabilities $199,000 $ $ Common shares 790,000 IN Retained earnings 235,000 Total shareholders' equity 1,025,000 Total liabilities and shareholders' equity $1,224,000 $ Number of common shares 79,000