P11-11 (Algo) Comparing Cash Dividends, Stock Dividends, and Stock Splits LO11-4, 11-6,11-9 Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.50 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: $ 62,000 1,920,000 820,000 0 20,000 Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $12 per share. Items Common stock account Par value per share Before Any Dividends After Cash Dividend $ 62,000 $ 0.5 Shares outstanding Additional paid-in capital Retained earnings $ 1,920,000 $ 820,000 Total stockholders' equity Cash flows from financing activities $ 20,000 After Stock Dividend After Stock Split