On October 31, the stockholders' equity section of Sheridan Company'sbance sheet consists of common stock $344,000 and retained earnings $396,000. Sheridan is considering the following two courses of action: (1) Declaring a 7% stock dividend on the 86,000 $4 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $2 per share. The current market price is $17 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 Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equitys Outstanding shares