36 On March 1, 2023, VisionTech Inc.'s board of directors declared a 15% share dividend when the market price per share wes $15.00. On November 15, 2023, the board of directors declared a 4:1 share split. The equity section of the company's December 31, 2022, balance sheet showed: Common shares; 20,000,000 shares authorized; 4,300,000 shares issued and outstanding Retained earnings $28,750,000 5,570,000 Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2023, assuming profit earned during the year was $5,980,000. (Amounts to be deducted should be indicated by a minus sign.) Balance, January 1 VISIONTECH INC. Statement of Changes in Equity For Year Ended December 31, 2023 Common Shares Retained Earnings $ 28,750,000 $ 5,570,000 Total Equity Share dividends Profit Balance, December 31 Nout