On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of commonstock $728,000 and retained earnings $401,000. Blossomis considering the following two courses of action:(1) declaringa 5% stock dividend on the 91.000,$8 par value shares outstanding or (2) effecting a 2 for-1 stock split that will reduce par value to $4 per share. The current market price is $17 per share. On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of commonstock $728,000 and retained earnings $401,000. Blossomis considering the following two courses of action:(1) declaringa 5% stock dividend on the 91.000,$8 par value shares outstanding or (2) effecting a 2 for-1 stock split that will reduce par value to $4 per share. The current market price is $17 per share