Sammys 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.

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.

Required information (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. 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 After 2-for-1 Dividend Stock Split $ 1,200 54,000 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 $ 55,200 23,350 $ 78,550 1,200 $ 1.00 $ 120