On October 31, the stockholders' equity section of Omar Company consists of common stock $300,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 50,000, $6 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $13 per share.

Complete the tabular summary of the effects of the alternative actions on the components of stockholders' equity and outstanding shares.and per value per share,use the following column headings: before action,after stock dividend and after stock split.