On October 31, the stockholders' equity section of Cheyenne Corp.'s balance sheet consists of common stock $820,000 and retained earnings $921,000. Cheyenne is considering the following two courses of action: (1) declaring a 5% stock dividend on the 82,000 $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 $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital $ $ $ Retained earnings Total stockholders' equity $ $ $ Outstanding shares e Textbook and Media Save for Later Attempts: 0 of 10 used Submit