On October 31, the stockholders? equity section of Heins Company consists of common stock $290,000 and retained earnings $888,000. Heins is considering the following two courses of action: (1) declaring a 4% stock dividend on the 29,000, $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 $16 per share.Prepare a tabular summary of the effects of the alternative actions on the components of stockholders? equity, outstanding shares, and par value per share.BeforeActionAfterStockDividendAfterStockSplitStockholders? equity Paid-in capital Common stock $ $ $ In excess of par Total paid-in capital Retained earnings Total stockholders? equity $ $ $Outstanding shares Par value per share $ $ $

ASSIGNMENT RESOURCES Assignment Ch 14 Exercise 14-3 Exercise 14-4 Exercise 14-6 Problem 14-5A Review Score Review Results by Study Qjective Mobile Site Exercise 14-1 On January 1, Guillen Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr 1 Issued 23,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec- 1 Issued 1,500 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $2.90 per share to stockholders of record on December 31. 15 (8) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) :] l: [:][:J[:] ::]:] [:][:J[:J31. (3) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) I . v tai; .m'.'1jrg.;-;.;E;w " H I :] :] :] [: :] :] t: (:J (:J t: :] t: :] :J :] :] :] [: [:](:][:] :J:]:] 3 LINK TO TEXT b Question Attempts: 0 of 3 used (SAVE FOR LATER b