On October 31, the stockholders' equity section of Sheridan Company's balance sheet consists of common stock $582,000 and retained earnings $407,000. Sheridan is considering the following two courses of action! (1) Declaring a 6% stock dividend on the 97,000 $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 $18 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Sheridan Company's Balance Sheet After Stock Dividend Before Action After Stock Split Stockholders equity Pald-in capital $ Retained earnings Total stockholders' equity $ $ Outstanding shares e Textbook and Media Save for Later Attempts: 0 of 3 used Submit