On October 31, the stockholders equity section of Pele Companys balance sheet consists of common stock $500,400 and retained earnings $412,300. Pele is considering the following two courses of action:

(1)		Declaring a 7% stock dividend on the 83,400 $6 par value shares outstanding
(2)		Effecting a 2-for-1 stock split that will reduce par value to $3 per share.

The current market price is $17 per share. Prepare a tabular summary of the effects of the alternative actions on the companys stockholders equity and outstanding shares.