A firm has the following items on its balance sheet:

Cash                                                                            $20,000,000

Inventory                                                                    134,000,000

Notes payable to the bank                                           31,500,000

Common Stock                                                           10,000,000

            ($10 par; 1,000,000 shares outstanding)

Retained earnings                                                        98,500,000

Describe how each of these accounts would appear after:

a) A cash dividend of $1 per share

b) 10 percent stock dividend (fair market value of stock is $13 per share)

c) A 3-for-1 stock split

d) A 1-for-2 reverse stock split (Mayo 311)