2 CarFind Inc. showed the following equity information at December 31, 2019. 0 Common shares, unlimited shares authorized; moints 4,800,000 shares issued and outstanding Retained earnings $1,185,000 1,422,500 eBook Print On April 1, 2020, 280,000 common shares were issued at $0.70 per share. On June 1, the board of directors declared a 10% share dividend to shareholders of record on June 15; the distribution date was July 1. The market prices of the shares on June 1, June 15, and July 1 were $2.78, $1.86, and $2.16, respectively. On December 11, the board of directors declared a 2:1 share split to shareholders of record on December 15; the distribution date was December 20. Profit earned during the year was $1,492,500.