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Tri Town Inc. is considering one of the three following courses of action: (1) paying a $0.5 cash dividend, (2) distributing a 5% stock dividend,

Tri Town Inc. is considering one of the three following courses of action: (1) paying a $0.5 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Tri Town make its decision by completing the following chart (treat each possibility independently):

Before Action After Cash Dividend After Stock Dividend After Stock Split
Total assets $1,366,000 $enter a total amount for the first part $enter a total amount for the first part $enter a total amount for the first part
Total liabilities $248,000 $enter a total amount for section one of the second part $enter a total amount for section one of the second part $enter a total amount for section one of the second part
Shareholders equity
Common shares 570,000 enter a dollar amount enter a dollar amount enter a dollar amount
Retained earnings 548,000 enter a dollar amount enter a dollar amount enter a dollar amount
Total shareholders equity 1,118,000 enter a total amount for section two of the second part enter a total amount for section two of the second part enter a total amount for section two of the second part
Total liabilities and shareholders equity $1,366,000 $enter a total amount for the second part $enter a total amount for the second part $enter a total amount for the second part
Number of common shares 100,000 enter a number of shares enter a number of shares enter a number of shares

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