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On October 31 the stockholders' equity section of Sunland Company's balance sheet consists of common stock $790,000 and retained earnings $410,000. Sunland Company is

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On October 31 the stockholders' equity section of Sunland Company's balance sheet consists of common stock $790,000 and retained earnings $410,000. Sunland Company is considering the following two courses of action: (1) declaring a 10% stock dividend on the 79,000 $10 par value shares outstanding or (2) affecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. (Round book value per share to 2 decimal places, eg. 15.25. If answer is zero please enter O, do not leave any fields blank) Before Action After Stock Dividend After Stock Split

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