4) On July 31, Fly by Night Airline Ltd's equity was: Common shares, 200,000 shares authorized, 100,000 shares issued and outstanding Retained earnings Total equity $1,000,000 390,000 $ 1,390,000 Also note that on July 31 the market value of Fly by Night Airline's shares was $15 per share. The directors considered declaring a 10% or 20% share dividend and wanted to know what effect each share dividend would have on total equity. Calculate the balances that should be in the following accounts after a share dividend distribution. Balances After 10% Share Dividend Balanes After 20% Share Dividend Common shares Retained earnings