The condensed balance sheet of Crane Corporation reports the following: CRANE CORPORATION Balance Sheet (partial) June 30, 2021 $11,650,000 Total assets Liabilities and shareholders' equity Total liabilities $4,251,000 Shareholders' equity Common shares, unlimited number authorized, 387,000 issued 2,322,000 5,077,000 Retained earnings Total shareholders' equity 7,399,000 Total liabilities and shareholders' equity $11,650,000 The market price of the common shares is currently $30 per share. Crane wants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are: 1 Payment of a $1.50 per share cash dividend Distribution of a 4% stock dividend 2. 3. A 3-for-1 stock split (a) For each alternative, determine the impact on (1) assets, (2) liabilities, (3) common shares, (4) retained earnings, (5) total shareholders' equity, and (6) the number of shares. Cash Dividend Stock Dividend (1) Assets (2) Liabilities $ Cash Dividend Stock Dividend (1) Assets $ (2) Llabilities $ (3) Common shares $ $ (4) Retained carnings $ > $ (5) Total shareholders equity $ (6) Number of shares e Textbook and Media idend Stock Dividend 3 for 1 Stock Split $ $ $ $ 1 $