On December 31, 2020, Carla Vista Corporation had the following shareholders' equity accounts: 4 CARLA VISTA CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 95,000 issued) Retained earnings Total shareholders' equity i During the year, the following transactions occurred: $1,145,000 560,000 $1,705,000 Jan. 15 July Dec. 1 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $18. Declared a 15% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the market price of each share was $9; on December 30, $10; and on January 15, $9. 31 Determined that profit before income tax for the year was $413,000. The company has a 25% income tax rate.