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On October 31, the stockholders' equity section of Hillman Company consists of common stock $299,...

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On October 31, the stockholders' equity section of Hillman Company consists of common stock $299, 400 and retained earnings $928, 100. Hillman is considering the following two courses of action: (1) declaring a 7% stock dividend on the 49, 900, $6 par value shares outstanding, or (2) effecting a 2-for-l stock split that will reduce par value to $3 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share

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