On October 31, VERMILLION Corporationâ€™s liabilities totalled $208,000. Its shareholdersâ€™ equity consisted of 82,800 common shares issued, $828,000 and retained earnings, $220,000. VERMILLION is considering the following three courses of action: (1) paying a $1.25 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $15 per share.
Complete the following tabular summary of the effects of the alternative actions on VERMILLIONâ€™s shareholdersâ€™ equity and number of common shares.