On October 31, the stockholders' equity section of Sheridan Company's balance sheet consists of common stock $810,000 and retained earnings $914,000. Sheridan is considering the following two courses of action: (1) declaring a 7% stock dividend on the 81,000 $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. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital $ 79380 $ $ Retained earnings Total stockholders' equity $ $ $ Outstanding shares e Textbook and Media Save for Later