$2$ On April $1,2022$ Sport Mart Inc.$\text{'}$s board of directors declared a $4\%$ share dividend when the market price per share was $$10.$ On November $15,2022,$ the board of directors declared a $2$:$1$ share split.

The equity section of the Balance Sheet at December $31,2021$ showed:

Common shares: $70,000,000$ authorized; $3,000,000$ shares issued a $$15,600,000$

$\backslash$table$[[$Retained earnings,$5,142,400$