View Policies Current Attempt in Progress On October 31, the stockholders equity section of Crane Company's balance sheet consists of common stock 5552.000 and retained earnings $402.000 Crane is considering the following two course of action (11 Declaring a 5 stock dividend on the 92.000 $6 par value shares outstanding 120 Effecting a 2-for-1 stock split that will reduce par value to $3 pershare. The current market price is 51 per share. Prepare a tabu summary of the effects of the alternative actions on the company's stockholders equity and outstanding shares. Crane Company's Balance Sheet Alter Stock Dividend Before Action After Stock Split stockholders'equity Paid in capital Retained earnings Total stockholders'equity 5 Outstanding shares