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Exercise 13-4 Share dividends and splits LO1 1 On March 1, 2020, VisionTech Inc.'s board...

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Exercise 13-4 Share dividends and splits LO1 1 On March 1, 2020, VisionTech Inc.'s board of directors declared a 5% share dividend when the market price per share was $10.00. On November 15, 2020, the board of directors declared a 4:1 share split. The equity section of the company's December 31, 2019, balance sheet showed: 25 points Common shares; 20,000,000 shares authorized; 2,500,000 shares issued and outstanding Retained earnings $ 15,600,000 5,142,400 eBook Print References Required: 1. Prepare a statement of changes in equity for the year ended December 31, 2020, assuming profit earned during the year was $4,784,000. (Negative answers should be indicated by a minus sign.) VISIONTECH INO. Statement of Changes in Equity For Year Ended December 31, 2020 Common Retained Shares Earnings Total Equity Balance, January 1 Balance, December 31 Mc Graw Hill Prey 1 of 4 Next V 1 2. Prepare the equity section of the December 31, 2020, balance sheet. 25 points eBook VISIONTECH INC. Equity Section of Balance Sheet December 31, 2020 Print Contributed capital: References Total equity MC Graw

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