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On October 31, the stocdholders equity section of Crane Company's balance sheet consists of common stock $7/36,000 and retained earnines $402,000. Crane is considering the

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On October 31, the stocdholders equity section of Crane Company's balance sheet consists of common stock $7/36,000 and retained earnines $402,000. Crane is considering the following two courses of actione (1) deelaring a 5%6 stock dividend on the 92,000,58 par value shares cutstanding or (2) effecting a 2.for-1 stock split that will reduce par value to $4 per share The current marhet price is $18 per share Prepare a tabular summary of the effects of the altemative actions on the company's stocktiolders' equity and outstanding shares

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