Ignoring parts 1 & 2, On January 1, 2021, Bankole Corp, a publicly traded company, had these shareholders' equity accounts: Common shares (Unlimited number of shares authorized, 60,000 issued) $60,000 Contributed surplus $30,000 Retained earnings $1,200,000 On February 1 the company declared a 5 for 1 stock split to common shareholders. The stock's market price was $50.00. February 15th is the date of record and March 1st is the date of the split. On February 15th the stock's market price was $51.00 and on March 1st, right before the stock split stock's market price was $52.00. Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transactions at March 1st, 2021, after the stock split. January 1, 2021 March 1, 2021 Number of common shares 60,000 Common shares $60,000 Contributed surplus $30,000 Retained earnings $1,200,000

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