The condensed balance sheet of Sandhill Corporation reports the following: $12,040,000 SANDHILL CORPORATION Balance Sheet (partial) June 30, 2021 Total assets Liabilities and shareholders' equity Total liabilities Shareholders' equity Common shares, unlimited number authorized, 426,000 issued Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $3,600,000 2,130,000 6,310,000 8,440,000 $12,040,000 The market price of the common shares is currently $18 per share. Sandhill wants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are: 1. Payment of a $1.31 per share cash dividend 2. Distribution of a 4% 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 $ > $ (2) Liabilities > $ > $ $ Common (3) $ shares Retained (4) $ earnings Total (5) shareholders' $ equity Number of (6) shares 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 $ > $ $ $ C V $ $ $ $ Assume a Sandhill shareholder currently owns 900 common shares at a cost of $14,400. 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, eg. 15.1387 and final answers to decimal places, 6-8.5,275.) Shares' market price 1. Cash dividend $ 2. Stock Dividend $ 3. Stock Split $