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On Merch 1, 2020. VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share wes $21.00. On November 15,
On Merch 1, 2020. VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share wes $21.00. On November 15, 2020, the boerd of directors declared a 4.1 shere spit. The equity section of the company's December 31, 2019, balence sheet showed: Common shares: 21,000,000 shares authorized: 4,000,000 shares issued and outstanding Relained earnings $ 25 200.000 6.185.000 Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2020. assuming profit earned during the year wes $6,995,000. (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 Shares Retained Earnings Total Equity Balance, January 1 Balance, December 31 2. Prepare the cquity section of the December 21, 2020, balance sheet. VISIONTECH INC. Equity Section of Balance Sheet December 31, 2020 Contributed captal Total equity
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