23. of 24 SplitsCorp issued a 3-for-2 stock split of its common shares which had an average issuance price of $70 and a market value of $100 before the split. Twenty thousand old shares were exchanged for 30,000 new shares. What dollar amount of retained earnings should be transferred to the Common Shares account? O A. Zero. O B. $2,000,000 O C. $3,000,000. O D. $1,400,000. Unsure 24 of 24 Taouk Company reported total shareholders' equity of $58,000 on its statement of financial position dated December 31, 2021. During 2021, it reported net earnings of $4,000, declared cash dividend of $2,000, declared and distributed a common stock dividend of $3,000, and issued preferred shares of $20,000. What was total shareholders' equity at January 1, 2021 (.e. the beginning of the same year)? O A. The beginning shareholders' equity cannot be determined without knowing the beginning balance of retained earnings. O B. $39,000 O C. $36,000 O D. $38,000 Unsure