On January 15, 2020, the board of directors of Miz Corporation voted to consolidate its outstanding common shares on the basis of one post-consolidation common share for every 20 pre-consolidation common shares (that is, a one-for-twenty reverse stock split). Miz Corporation common shares had a market price on January 15, 2020, of $0.60 per share. The shareholders equity section of the statement of financial position of Miz Corporation at December 31, 2019, is given below:

Shareholders equity:
Common shares, unlimited authorized, 9,910,000 shares issued and outstanding		$49,550,000
Retained earnings (deficit)		(5,210,000)
Total shareholders equity		$44,340,000

QUESTION:

(c) Show the shareholders' equity section of the company immediately after the one-for-twenty reverse stock split. (Enter negative answers using either a negative sign preceding the number e.g. -5,125 or parentheses eg. (5,125).) Miz Corporation Shareholders' Equity December 31, 2020 $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (d) The parts of this question must be completed in order. This part will be available when you complete the part above