epub 1928Boats-oud 0390987533481915chab icdacb854501924%2F10) NOUS SO Wie Plus my health Login Vtal Source Booksh.UCW BOTH a JA EXERCISES Exercise 13-1 Share dividends L01 Page 39 CHECK FIGURE: 2. Retained earnings = $577,150 Arcus Development Inc.'s equity section on the December 31, 2019. balance sheet showed the following information: Common shares, unlimited shares authorized 210,000 shares issued and outstanding. $3,360.000 Retained earnings... 575.000 On January 15. 2020. 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, S17.00, and 51795. respectively Required 1. Prepare the required entries for January 15, 20. and 30. 2. Prepare the equity section on the January 31, 2020, balance sheet, assuming profit earned during January 2020 was $597.500. Analysis Component I What effect did the share dividend have on the market price of Arcus's shares and why? Exercise 13-2 Share dividends L01 CHECK FIGURE: 3. Total equity = $10,697,800 Pacific Papers Increded epub 1928Boats-oud 0390987533481915chab icdacb854501924%2F10) NOUS SO Wie Plus my health Login Vtal Source Booksh.UCW BOTH a JA EXERCISES Exercise 13-1 Share dividends L01 Page 39 CHECK FIGURE: 2. Retained earnings = $577,150 Arcus Development Inc.'s equity section on the December 31, 2019. balance sheet showed the following information: Common shares, unlimited shares authorized 210,000 shares issued and outstanding. $3,360.000 Retained earnings... 575.000 On January 15. 2020. 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, S17.00, and 51795. respectively Required 1. Prepare the required entries for January 15, 20. and 30. 2. Prepare the equity section on the January 31, 2020, balance sheet, assuming profit earned during January 2020 was $597.500. Analysis Component I What effect did the share dividend have on the market price of Arcus's shares and why? Exercise 13-2 Share dividends L01 CHECK FIGURE: 3. Total equity = $10,697,800 Pacific Papers Increded