Before preparing financial statements for the current year, the chief accountant for Toso Shipping discovered the following errors in the accounts. 1. The declaration and payment of NT$50,000 cash dividend was recorded as a debit to Interest Expense NT$50,000 and a credit to Cash NT$50,000. 2. A 10% share dividend (1,000 shares) was declared on the NT$20 par value shares when the market price per share was NT$36. The only entry made was Share Dividends (Dr.) NT$20,000 and Dividend Payable (Cr.) NT$20,000. The shares have not been issued. 3. A 4-for-1 share split involving the issue of 400,000 shares of NT$5 par value ordinary shares for 100,000 shares of NT$20 par value ordinary shares was recorded as a debit to Retained Earnings NT$2,000,000 and a credit to Share Capital - Ordinary NT$2,000,000. Instructions Prepare the correcting entries at December 31