After closing the books at month end on March 31, 2020, Slayter Corporation's shareholders' equity section shows the following balances: Contributed Capital Common shares, unlimited shares authorized 26,000 shares issued and outstanding $350,000 Retained Earnings $780,000 Total Shareholders' Equity $1,130,000 Do not enter dollar signs or commas in the input boxes. Scenario 1 The company declared and immediately distributed a 60% stock dividend. Current market price was $10. The company recorded the stock dividend by debiting Retained Earnings. a) Calculate the balance of retained earnings after the stock dividend. Slayter Corporation Statement of Retained Earnings For the Month Ended March 31, 2020 Opening Balance Less: Stock Dividend Balance - March 31, 2020 Scenario 1 The company declared and immediately distributed a 60% stock dividend. Current market price was $10. The company recorded the stock dividend by debiting Retained Earnings. a) Calculate the balance of retained eamings after the stock dividend. Slayter Corporation Statement of Retained Earnings For the Month Ended March 31, 2020 Opening Balance Less: Stock Dividend Balance - March 31, 2020 b) Prepare the shareholders' equity section of balance sheet as at March 31, 2020 (after the stock dividend has been distributed). Slayter Corporation Balance Sheet (Partial) As at March 31, 2020 Shareholders' Equity Common shares, unlimited shares authorized 41,600 shares issued and outstanding Retained Earnings Total Shareholders' Equity Scenario 2 As a separate scenario from Scenario 1, the company implemented a 4-for-1 stock split. a) Calculate the number of outstanding shares. Outstanding shares: shares b) Prepare the shareholders' equity section of the balance sheet as at March 31, 2020 (after the stock split has been completed). Slayter Corporation Balance Sheet (Partial) As at March 31, 2020 Shareholders' Equity Common shares, unlimited shares authorized, xx shares issued and outstanding Retained Earnings Total Shareholders' Equity