The condensed balance sheet of Sandhill Corporation reports the following: SANDHILL CORPORATION Balance Sheet (partial) June 30, 2021 Total assets $12,040,000 Liabilities and shareholders' equity Total liabilities $3.600.000 Shareholders' equity Common shares, unlimited number authorized 426,000 issued 2.130,000 Retained earnings 6,310.000 Total shareholders' equity 8.440.000 Total liabilities and shareholders' equity $12040,000 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 $ $ Increased No Effect Decreased (3) Common shares $ $ (4) Retained earnings $ $ (5) Total shareholders equity $ $ (6) Number of 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. vidend Stock Dividend 3-for-1 Stock Split $ $ $ $ $ $ V $ $ $ $