Question 5 of 8 > View Policies -/2.5 1 Current Attempt in Progress On October 31, the stockholders' equity section of Oriole Company's balance sheet consists of common stock $570,000 and retained earnings $405,000. Oriole is considering the following two courses of action: (1) Declaring a 6% stock dividend on the 95,000 $6 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $13 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Oriole Company's Balance Sheet Stockholders' equity Paid-in capital Retained earnings Before Action $ After Stock Dividend After Stock Split $ $ Total stockholders' equity $ $ $ Outstanding shares eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer