On October 31, the stockholders' equity section of Blue Spruce Corp's balance sheet consists of common stock $808,000 and retained earnings $864,000. Blue Spruce is considering the following two courses of action: (1) declaring a 5% stock dividend on the 80,800 $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 $16 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity Outstanding shares Before Action $ $ After Stock Dividend After Stock Split