The December 31, 2011. equity section of Maritime Inc.'s balance sheet appears below. All the shares were issued on January 1, 2009 (when the corporation began operations). No dividends had been declared during the first two years of operations (2009 and 2010). During 2011, the cash dividends declared and paid totaled $736,000. 1. Calculate the amount of cash dividends paid during 2011 to each of the three classes of shares. 2. Assuming net income earned during 2011 was $1,500,000, determine the December 31, 2010, balance in retained earnings. 3. Prepare a statement of changes in equity for the year ended December 31, 2011. The December 31, 2011. equity section of Maritime Inc.'s balance sheet appears below. All the shares were issued on January 1, 2009 (when the corporation began operations). No dividends had been declared during the first two years of operations (2009 and 2010). During 2011, the cash dividends declared and paid totaled $736,000. 1. Calculate the amount of cash dividends paid during 2011 to each of the three classes of shares. 2. Assuming net income earned during 2011 was $1,500,000, determine the December 31, 2010, balance in retained earnings. 3. Prepare a statement of changes in equity for the year ended December 31, 2011