On October 31 , the stockholders' equity section of Tamarisk, Inc. consists of common stock $320,000 and retained earnings $894,000. Tamariskis considering the following two courses of action: (1) declaring a 4% stock dividend on the 32,000,$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 $16 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders equity, outstanding shares, and par value per share. BeforeActionAfterStockDividendAfterStockSplit Stockholders' equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share On October 31 , the stockholders' equity section of Tamarisk, Inc. consists of common stock $320,000 and retained earnings $894,000. Tamariskis considering the following two courses of action: (1) declaring a 4% stock dividend on the 32,000,$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 $16 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders equity, outstanding shares, and par value per share. BeforeActionAfterStockDividendAfterStockSplit Stockholders' equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share