PE SCREEN PR VERSION BACK NEXT Question 13 On December 31, 2020, Carla Vista Corporation had the following shareholders' equity accounts: CARLA VISTA CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders equity Common shares (unlimited number of shares authorized, 55,000 sued) $1,145,000 Retained earnings 550,000 Total shareholders uity 31,705,000 During the year, the following transactions occurred Jan 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable Febrery 15 uy 1 Announced a 2 for stock it. The market price per Share on the date of the announcement was $18 Dec. 15 Declared a 15% stock dividend to shareholders of record on December 10, ble on January 15. on December 15, the market price of a share was 39 on December 30, 510; and on January 15, 59 31 Determined that profit before income tax for the year was $41.000. The company has a 25 income tax rate (a) Joumalize the transactions and closing entries for 2021. (Credit account titles are automatically indented when the amounts entered De not indent manually. If entry is require select "Ne Entry for the account title and enter for the amounts Record journal entries in the ordered the Date Account Thies and Explanation Credit To record declaration of cash dividend )