The condensed balance sheet of Crane Corporation reports the following: CRANE CORPORATION Balance Sheet (partial) June 30, 2021 Total assets $11,530,000 Liabilities and shareholders' equity Total liabilities $3,340,000 Shareholders' equity Common shares, unlimited number authorized, 396,000 issued 1,980,000 Retained earnings 6,210,000 Total shareholders' equity 8,190,000 Total liabilities and shareholders' equity $11,530,000 The market price of the common shares is currently $18 per share. Crane wants to assess the impact of three possible alternatives o the corporation and its shareholders. The alternatives are: 1. Payment of a $1.35 per share cash dividend 2. Distribution of a 5% stock dividend 3. A 3-for-1 stock split 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 $ -534600 Decreased $ $ 11530000 No Effect (2) Liabilities $ 3340000 No Effect $ 3340000 No Effect (3) Common shares $ 396000 No Effect $ 356400 Increased (4) Retained earnings $ -534600 Decreased $ 356400 Decreased (5) ) Total shareholders' equity $ -534600 Decreased $ 8190000 No Effect (6) Number of shares 0 No Effect 19800 Increased Stock Dividend 3-for-1 Stock Split $ 11530000 No Effect $ 11530000 No Effect $ 3340000 No Effect $ 3340000 No Effect 356400 Increased $ 396000 No Effect 356400 Decreased $ 6210000 No Effect $ ta 8190000 No Effect $ ta > 8190000 No Effect 19800 Increased 792000 Increased Assume a Crane shareholder currently owns 1,000 common shares at a cost of $16,000. What is the impact of each alternative for the shareholder, assuming that the shares' market price changes proportionately with the alternative? (Round intermediate per share calculations to 4 decimal places, e.g. 15.1387 and final answers to 0 decimal places, e.g. 5,275.) Shares' market price 1. Cash dividend $ 18000 2. Stock Dividend $ 18000 3. Stock Split $ 18000