our answer is partially correct.Try again.On October 31, the stockholders' equity section of Heins Company consists of common stock $365,000and retained earnings $903,000. Heins is considering the following two courses of action: (1) declaring a6% stock dividend on the36,500, $10par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5per share. The current market price is $16per share.

Prepare tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share.