On March 1, 2020, VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share was $18.00. On November 15, 2020, the board of directors declared a 4:1 share split. The equity section of the company's December 31, 2019, balance sheet showed: Common shares; 2e, eee, 600 shares authorized; 4,300,000 shares issued and outstanding Retained earnings $ 27,090, eee 4,455, eee Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2020, assuming profit earned during the year was $3,892,500. (Amounts to be deducted should be Indicated by a minus sign.) VISIONTECH INC. Statement of Changes in Equity For Year Ended December 31, 2020 Common Retained Earnings Balance, January 1 | $ 27,090,000 $ 4,455,000 Share dividends Profit 3.892.500 Balance, December 31 Total Equity $ 3.892.500 2. Prepare the equity section of the December 31, 2020, balance sheet. VISIONTECH INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Total equity