After closing the books at month end on September 30, 2020, Thomas Corporation's shareholders' equity section shows the following balances: Contributed Capital Common shares, unlimited shares authorized 33,000 shares issued and outstanding $380,000 Retained Earnings $780,000 Total Shareholders' Equity $1,160,000 Do not enter dollar signs or commas in the input boxes. Scenario 1 The company dedared and immediately distributed a 40% 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. Scenario 1 The company declared and immediately distributed a 40% 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 Thomas Corporation Statement of Retained Earnings For the Month Ended September 30, 2020 Opening Balance Less: Stock Dividend Balance - September 30, 2020 b) Calculate the number of outstanding shares. shares Outstanding shares han 2020 (after the stock dividend has