Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $320,000 and retained earnings $390,000. Blossom is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 80,000 $4 par value shares outstanding Effecting a 2-for-1 stock spli that will reduce par value to $2 per share. (2) The current market price is $13 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Blossom Company's Balance Sheet Before Action After Stock Dividend After Stock Split Stockholders' equity %24 2$ 2$ Paid-in capital Retained earnings Total stockholders' equity Outstanding shares eTextbook and Media Attempts: 0 of 3 used Suhmit Answr