please solve

30. HW11#30: COMMON STOCK DIVIDEND AND STOCK SPLIT: On October 31 the stockholders' equity section of Eaton Company's balance sheet consists of common stock $600,000 and retained earnings $400,000. Eaton is considering the following two courses of action: (1) declaring a 10% stock dividend on the 60,000 $10 par value shares outstanding or (2) affecting a 2-for-1 stock split that will reduce par value to S5 per share. The current market price is $15 per share Instructions Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Use these column headings: Before Action, After Stock Dividend, and After Stock Split Before Action After Stock Dividend Stockholders' equity Paid-in capital Common stock In excess of par value $600,000 Total paid-in capital 600,000 400,00 Retained earnings Total stockholders $1000,000 60,000 $16.67 equity 1,000,000 Outstanding shares Book Value per share