On October 31, the stockholders? equity section of Sheridan Company?s balance sheet consists of common stock $582,000and retained earnings $407,000. Sheridan is considering the following two courses of action:

(1)	Declaring a6% stock dividend on the97,000$6par value shares outstanding
(2)	Effecting a 2-for-1 stock split that will reduce par value to $3per share.

The current market price is $18per share.

Prepare a tabular summary of the effects of the alternative actions on the company?s stockholders? equity and outstanding shares.