The condensed balance sheet of Oriole Corporation reports the following:

ORIOLE CORPORATION Balance Sheet (partial) June 30, 2021
Total assets		$11,560,000
Liabilities and shareholders equity
Total liabilities		$3,736,000
Shareholders equity
Common shares, unlimited number authorized, 440,000 issued		1,760,000
Retained earnings		6,064,000
Total shareholders equity		7,824,000
Total liabilities and shareholders equity		$11,560,000

The market price of the common shares is currently $18 per share. Oriole wants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are:

1.		Payment of a $1.30 per share cash dividend
2.		Distribution of a 6% 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			3-for-1 Stock Split
(1)		Assets		$

$

$

(2)		Liabilities		$

$

$

(3)		Common shares		$

$

$

(4)		Retained earnings		$

$

$

(5)		Total shareholders' equity		$

$

$

(6)		Number of shares