15 ed out of After closing the books at month end on September 30, 2020, Thomas Corporation's shareholders' equity section shows the following balances: Contributed Capital Common shares, unlimited shares authorized 33,000 shares issued and outstanding $380,000 Retained Earnings $780,000 Total Shareholders' Equity $1,160,000 9 on Do not enter dollar signs or commas in the input boxes. Scenario 1 The company declared and immediately distributed a 40% stock dividend. Current market price was $10. The company recorded the stock dividend by debiting Retained Earnings a) Calculate the balance of retained earnings after the stock dividend, Scenario 1 The company dedared and immediately distributed a 40% stock dividend. Current market price was 510. The company recorded the stock dividend by debiting Retained Earnings, a) Calculate the balance of retained earnings after the stock dividend Thomas Corporation Statement of Retained Earnings For the Month Ended September 30, 2020 Opening Balance Less. Stock Dividend Balance - September 30, 2020 b) Calculate the number of outstanding shares. shares Outstanding shares And c) Prepare the shareholders' equity section of balance sheet as at September 30, 2020 (after the stock dividend has been distributed). Thomas Corporation Balance Sheet (Partial) As at September 30, 2020 Shareholders' Equity Common shares, unlimited shares authorized, xxx shares issued and outstanding Retained Earnings Total Shareholders' Equity Scenario 2 As a separate scenario from Scenario 1, the company implemented a 4-for-1 stock split. a) Calculate the number of outstanding shares shares Outstanding shares: Scenario 2 As a separate scenario from Scenario 1, the company implemented a 4-for-1 stock split a) Calculate the number of outstanding shares. shares Outstanding shares b) Prepare the shareholders' equity section of the balance sheet as at September 30, 2020 (after the stock split has been completed) Thomas Corporation Balance Sheet (Partial) As at September 30, 2020 Shareholders' Equity common shares, unlimited shares authorized, xxx shares Issued and outstanding Retained Earnings Total Shareholders' Equity