On December 31, 2020, Carla Vista Corporation had the following shareholders' equity accounts. CARLA VISTA CORPORATION Balance Sheet [partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 88,000 issued) $1,036,000 Retained earnings 540,000 Total shareholders' equity $1,576,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. July 1 Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $18. Dec 15 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. $11; and on January 15, $10. 31 Determined that profit before income tax for the year was $411.000. The company has a 25% income tax rate