Question 1 Sipacore Inc. is considering one of the three following courses of action: (1) paying a $0.40 cash dividend, (2) distributing a 6% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Sipacore make its decision by completing the following chart (treat each possibility independently): After Cash After Stock After Stock Split Before Action Dividend Dividend $1,211,000 Total assets $ Total liabilities $262,000 Shareholders' equity Common shares 554,000 Retained earnings 395,000 Total shareholders' equity 949,000 $1,211,000 Total liabilities and shareholders' equity 100,000 Number of common shares