Transcribed image text: Smart Mart Inc. is considering one of three options: (1) paying a $0.40 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current fair value is $14 per share. Instructions In the chart below, indicate the financial impact on the financial statement items listed of each action under consideration. Before Action (1) After Cash Dividend (2) After Stock Dividend (3) After Stock Split Total assets $1.875,000 Total liabilities $ 75.000 Common shares 1.200.000 Retained earnings 600.000 Total shareholders' equity 1.800.000 Total liabilities and shareholders' equity $1,875,000 Number of common shares 60,000