On January 1, 2018, Wirth Corporation, a publicly traded company, had these shareholders equity accounts: Common shares (unlimited number of shares authorized, 220,000 shares issued).........$2,200,000 Retained earnings..............................................................................................................1,080,000 Accumulated other comprehensive income..........................................................................120,000 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. Apr. 16 Declared a 10% stock dividend to shareholders of record on April 30, distributable May 16. On April 16, April 30, and May 15, the share prices were $15, $13.50, and $14, respectively. Oct. 1 Effected a 2-for-1 stock split. On October 1, the share price was $20. Dec. 31 Determined that net income for the year was $700,000. Instructions (a) Record the above transactions, including any required entries to close dividends and net income. (b) Open T accounts as required and post to the shareholders equity accounts. (c) Prepare a statement of changes in equity for the year. (d) Prepare the shareholders equity section of the statement of financial position at December 31.