At 1 Waterway Corporation had the following shareholders ' equity : Share capital $ I Preferred shares , noncumulative 25,000 shares authorized 7600 shares issued Common shares , 1,000,000 shares authorized , 48000 shares issued $ 158000 Retained Earnings Total Shareholders Equity 780000/938000 420000 $1358000 On March 12 , 2021. when the common shares have a market value of $ 22 , the board of directors declared and paid a 10 % comm stock dividend . On July 31 2021 the board declared a 3 - for - 1 stock split on the common shares . During the year , the company p cash dividends of $ 79000 and reported profit of $ 430000 . At its December 31 year end the balance in share capital is ? $93800 $313080 $1043600 $ 3168000