The condensed balance sheet ofBlossomCorporation reports the following:

BLOSSOMCORPORATION

Balance Sheet (partial)

June 30, 2021

Total assets $12,730,000

Liabilities and shareholders' equity

Total liabilities $4,624,000

Shareholders' equity

Common shares, unlimited number authorized, 378,000issued 2,268,000

Retained earnings 5,838,000

Total shareholders' equity 8,106,000

Total liabilities and shareholders' equity $12,730,000

The market price of the common shares is currently $24per share.Blossomwants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are:

1. Payment of a $1.49per share cash dividend
2. Distribution of a4% stock dividend
3. A3-for-1stock 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.

b. Assume aBlossomshareholder currently owns1,000common shares at a cost of $22,000. What is the impact of each alternative for the shareholder, assuming that the shares' market price changes proportionately with the alternative?