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On April 1 , 2 0 2 3 , 4 0 0 , 0 0 0 common shares were issued at $ 0 . 9

On April 1,2023,400,000 common shares were issued at $0.90 per share. On June 1, the board of directors declared a 10% 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 $2.58, $2.06, and $2.36, 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 $1,547,500.
Required:
Prepare the companys equity section on the December 31,2023, balance sheet.

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