On October 31, the stockholders equity section of Pharoah Company consists o com mon stock $330,000 and reta ned earnings $896,000 Pharoahis considering the following two courses of act on: on the 33,000, $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 $14 per share. declan g a 7% stock d ide Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. After Stock After Stock Before Action Stockholders equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders equity Par value per share