On October 31, STEERING Corporations liabilities totalled $188,000. Its shareholders equity consisted of 76,700 common shares issued, $767,000 and retained earnings, $242,000. STEERING is considering the following three courses of action: (1) paying a $0.75 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $14 per share. Complete the following tabular summary of the effects of the alternative actions on STEERINGs shareholders equity and number of common shares.

(1) (2) Before Action $1,197,000 After Cash Dividend After Stock Dividend Total assets $ $ $ $ $ $ Total liabilities $188,000 $ $ $ $ Common shares 767,000 Retained earnings 242,000 Total shareholders' equity 1,009,000 Total liabilities and shareholders' equity $1,197,000 $ $ Number of common shares 76,700 (1) (2) (3) Before Action After Cash Dividend After Stock Dividend After Stock Split $1,197,000 $ $ $ $ $ $188.000 $ $ $ 767,000 242,000 ity 1,009,000 eholders' equity $1,197,000 $ $ $ ares 76.700