HAPTER 13 Corporate Reporting: Profit, Earnings Per Share, and Retained Earnings On November I November 20 te EXERCISES 29 were $2.35, $ Exercise 13-1 Share dividends LO1 Required CHECK FIGURE: 2. Retained earnings $577150 1. Prepare the Arcus Development Inc.'s equity section on the December 31, 2019, balance sheet showed the following 2. Prepare the information: November 2 Common shares, unlimited shares authorized 210.000 shares issued and outstanding Analysis Com and why? $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 record on January 20 to be distributed on January 30. The market prices of the shares on January 15, 2 30 were $18.90, $17.00, and $17.95, respectively. Exercise 13-4 S CHECK FIGURE: On March 1, 202 per share was $I section of the co 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 Jany 2020 was $597,500. Comme 2,50 Analysis Component: What effect did the share dividend have on the market price of Arcus's shares and w Exercise 13-2 Share dividends LO1 Retaine CHECK FIGURE: 3. Total equity $10,697,800 Required Pacifica Papers Inc. needed to conserve cash, so instead of a cash dividend the board of directors declared 15% common share dividend on June 30, 2020, distributable on July 15, 2020. Because performance durig 2020 was better than expected, the company's board of directors declared a $0.40 per share cash dividend 1. Prepare a sta during the ye November 15, 2020, payable on Decemb