On October 31, the stockholders' equity section of Wildhorse Co.'s balance sheet consists of common stock $807,000 and retained earnings $879.000. Wildhorse is considering the following two courses of action: (1) declaring a 6% stock dividend on the 80,700 $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 company's stockholders' equity and outstanding shares. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity $ $ $ Outstanding shares