On March 1, 2023, VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share was $28.00. On November 15, 2023, the board of directors declared a 4:1 share split. The equity section of the company's December 31, 2022, balance sheet showed: Common shares; 20,000,000 shares authorized; 3,300,000 shares issued and outstanding Retained earnings $ 21,120,000 2,335,000 Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2023, assuming profit earned during the year was $5,972,500. (Amounts to be deducted should be indicated by a minus sign.) Balance January 1 VISION TECH INC. Statement of Changes in Equity For Year Ended December 31, 2023 Common Shares Retained Earnings Share dividends Profit Balance, December 31 Total Equity