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Required information Problem 10-3A Indicate effect of stock dividends and stock splits (L010-6) [The following information applies to the questions displayed below.) Sammy's Sportshops has

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Required information Problem 10-3A Indicate effect of stock dividends and stock splits (L010-6) [The following information applies to the questions displayed below.) Sammy's Sportshops has been very profitable in recent years and has seen its stock price steadily increase to over $100 per share. The CFO thinks the company should consider either a 100% stock dividend or a 2-for-1 stock split. Problem 10-3A Part 1 Required: 1. Complete the following table comparing the effects of a 100% stock dividend versus a 2-for-1 stock split on the stockholders' equity accounts, shares outstanding, par value, and share price. (Round "Par value per share" to 2 decimal places.) Before After 100% Stock Dividend After 2-for-1 Stock Split $ 1,000 58,000 59,000 23,750 $ 82,750 0 Common stock, $1 par value Additional paid-in capital Total paid in capital Retained earnings Total stockholders' equity Shares outstanding Par value per share Share price 0 0 $ O $ $ 1,000 1.00 128

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