Your answer is partially correct. On October 31, the stockholders' equity section of Pharoah Company's balance sheet consists of common stock 5680,000 and retained earnings $395,000. Pharoah is considering the following two courses of action: (1) declaring a 5% stock dividend on the 85,000,$8 par value shares outstanding or (2) effecting a 2 -for-1 stock split that will reduce par value to $4 per share. The current market price is $13 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares