Three options are Increase, Decrease or no effect.

The condensed statement of financial position of Macaron Corporation reports the following amounts: MACARON CORPORATION Statement of Financial Position (partial) June 30, 2018 Total assets $15,240,000 $5,600,000 Total liabilities Shareholders' equity Common shares, unlimited number authorized, 402,000 issued $2,010,000 Retained earnings 7,630,000 Total liabilities and shareholders' equity 9,640,000 $15,240,000 The common shares are currently trading for $27 per share. Macaron wants to assess the impact of three possible alternatives: 1. Payment of a $1.50 per share cash dividend 2. Distribution of a 5% stock dividend 3 A 3-for-2 stock split (a) Determine the impact of the above alternatives on the following. Cash Dividend Stock Dividend Stock Split (1) Assets (2) Liabilities (3) Common shares (4) Retained earnings V (5) Total shareholders' equity (6) Number of shares