SplitsCorp issued a 3-for-2 stock split of its common shares which had an average issuance price of $70 and a market value of $100 before the split. Twenty thousand old shares were exchanged for 30,000 new shares. What dollar amount of retained earnings should be transferred to the Common Shares account? OA Zero OB. $2,000,000 OC. $3,000,000 D. $1,400,000 2 Mark Taouk Company reported total shareholders' equity of $58,000 on its statement of financial position dated December 31, 2021. During 2021, it reported net earnings of $4,000, declared a cash dividend of $2,000, declared and distributed a common stock dividend of $3,000, and issued preferred shares of $20,000. What was total shareholders' equity at January 1, 2021 (.e. the beginning of the same year)? OA The beginning shareholders' equity cannot be determined without knowing the beginning balance of retained earnings OB. $39,000 OC. $36,000 OD. $38,000