On March 1, 2020, VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share was $10.00. 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; 20,000,000 shares authorized; 2,500,000 shares issued and outstanding Retained earnings $ 15,600,000 5,142,400 Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2020, assuming profit earned during the year was $4784,000 (Negative answers should be indicated by a minus sign.) VISION TECH INC. Statement of Changes in Equity For Year Ended December 31, 2020 Common Retained Shares Earnings Balance January 1 Total Equity Balance December 31 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