Question says: On October 31, the stockholders equity section of Heins Company consists of common stock $305,000 and retained earnings $891,000. Heins is considering the following two courses of action: (1) declaring a 5% stock dividend on the 30,500, $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.

I need help filling out what is highlighted in red, as it is wrong. Please add how you calculated each! THANK YOU

ment PRINTER VERSION BACK Exercise 11-15 Your answer is partially correct. Try again. On October 31, the stockholders' equity section of Heins Company consists of common stock $305,000 and retained earnings $891,000. Heins is considering the following two courses of action: (1) declaring a 5% stock dividend on the 30,500, $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 components of stockholders' equity, outstanding shares, and par value per share. After Stock Dividend After Before Action Split Stockholders' equity Paid-in capital Common stock 185000 200250 185000 In excess of par 0 10000 210250 185000 Total paid-in capital 185000