On October 31, the stockholders equity section of Ivanhoe Companys balance sheet consists of common stock $ 332,000 and retained earnings $ 393,000. Ivanhoe is considering the following two courses of action:

(1)		Declaring a 6% stock dividend on the 83,000 $ 4 par value shares outstanding
(2)		Effecting a 2-for-1 stock split that will reduce par value to $ 2 per share.

The current market price is $ 16 per share. Prepare a tabular summary of the effects of the alternative actions on the companys stockholders equity and outstanding shares.