Question 4 of 4 2/25 E View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Sheffield Corp.'s balance sheet consists of common stock $820,000 and retained earnings $948,000. Sheffield is considering the following two courses of action: (1) declaring a 5% stock dividend on the 82,000 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Before After Stock After Stock Dividend Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity Outstanding shares Action $ $ $ $ $ $ e Textbook and Media Assistance Used e Textbook Video Attempts: 0 of 3 used Sunt Answer Save for Later Last saved 6 minutes ago Saved work will be brated on the due date