during the year was 34,104,00 the equity section of the December 31, 2020, balance sheet. 2. Prepare the equity section Exercise 13-5 Share 13-5 Share dividend, share split, equity section of balance sheet L01 CHECK FIGURE: Equity Dec 31, 2020 = $3,836,480 Find Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 4,000,000 shares issued and outstanding Retained earnings..... $1,004,480 1,312,000 On April 1, 2020, 200,000 common shares were issued at $0.60 per share. On June 1, the board of directors declared a 15% share dividend to shareholders of record on June 15; the distribution date was July 1. The market prices of the shares on June 1, June 15, and July 1 were $2.08, $1.76, and $1.96, respectively. On December 11, the board of directors declared a 2:1 share split to shareholders of record on December 15; the distribution date was December 20. Profit earned during the year was $1,400,000. required Prepare the company's equity section on the December 31, 2020, balance sheet. Analysis Component: What are the benefits to CarFind Inc. of declaring a share dividend as opposed to a cash dividend? 895