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On October 31, the stockholders' equity section of Kingbird, Inc's balance sheet consists of common stock $814,000 and retained earnings $926,000. Kingbird is considering the

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On October 31, the stockholders' equity section of Kingbird, Inc's balance sheet consists of common stock $814,000 and retained earnings $926,000. Kingbird is considering the following two courses of action: (1) declaring a 7% stock dividend on the 81,400 $10 par value shares outstanding or (2) effecting a 2 -for-1 stock split that will reduce par value to $5 per share. The curfent market price is 514 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares

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