Please post detailed work. Thank you!

Exercise 14-04 on October 31 the stockholders' equity section of Sheridan Company consists o com man stock $28 ,000 and retained earnings $886,000 Sheridan is considenng the ollo ng two courses o action: 1 de anng a 7% stock dividend on the 28,000 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. 10 par value shar Before Action After Stock Dividend After Stock Split Pald-n capita Common stock In excess of par Total paid-in capital Rctained carnings Total stockholders equity Outstanding shares Par value per share