Pharoah Inc. is considering one of three options: (1) paying a $ 0.63 cash dividend, (2) distributing a 4% stock dividend, or (3) effecting a 2-for-1 stock split. The current fair value is $ 12 per share.

Help Pharoah decide what to do by completing the following chart (treat each possibility independently):

		Before Action		After Cash Dividend		After Stock Dividend		After Stock Split
Total assets		$ 1,845,000		$		$		$
Total liabilities		$ 82,000		$		$		$
Common shares		1,216,000
Retained earnings		547,000
Total shareholders equity		1,763,000
Total liabilities and shareholders equity		$ 1,845,000		$		$		$
Number of common shares		64,000