Arcus Development Incis equity section on the December 31, 2022, balance sheet showed the following information: On January 15, 2023, the company's board of directors declared a 15\% share dividend to the shareholders of record on January 20 to be distributed on January 30 . The market prices of the shares on January 15,20 , and 30 were $18.90,$17.00, and $17.95, respectively. Required: 1. Prepare the required entries for January 15, 20, and 30. Assume share dividends account is used when dividends are declared. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Prepare the equity section on the January 31, 2023, balance sheet, assuming profit earned during January 2023 was $597,500