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Sunland Inc. is considering one of the three following courses of action: ( 1 ) paying a $ 0 . 4 0 cash dividend, (

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Sunland Inc. is considering one of the three following courses of action: (1) paying a $0.40 cash dividend, (2) distributing a 5% dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share.
Help Sunland make its decision by completing the following table (treat each possibility independently).
\table[[*,\table[[Before],[Action]],\table[[(1)],[After Cash Dividend]],\table[[(2)],[After Stock Dividend]],,A],[Total assets,$1,300,000,$,$,$,],[Total liabilities,$385,000,$,$,$,],[Stockholders' equity,,,,,8],[Common stock,575,000,,,,],[Retained earnings,340,000,,,,],[Total stockholders' equity,915,000,,,&,],[Total liabilities and stockholders' equity,$1,300,000,$,$,$,]]
Number of common shares
115,000
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