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2 On April 1,2022 Sport Mart Inc.'s board of directors declared a 4% share dividend...

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Accounting

2 On April 1,2022 Sport Mart Inc.'s board of directors declared a 4% share dividend when the market price per share was $10. On November 15,2022, the board of directors declared a 2:1 share split.
The equity section of the Balance Sheet at December 31,2021 showed:
Common shares: 70,000,000 authorized; 3,000,000 shares issued a $15,600,000
\table[[Retained earnings,5,142,400
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