E$11-23($Algo$)$ Comparing Stock Dividends and Stock Splits L$011-6$

On July $1,$ Davidson Corporation had the following capital structure:

Required:

Complete the table below for each of the two following independent cases:

Note: Round "Par value per share" amounts to $2$ decimal places.

Case $1$: The board of directors declared and issued a $50$ percent stock dividend when the stock was selling at $$6$ per share.

Case $2$: The board of directors announced a $6-$for$-5$ stock split. The market price prior to the split was $$6$ per share.