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The shareholders' equity section of the statement of financial position of Del Rosso Winery Inc. at December 31, 2020, is given below: $2,040,000 Shareholders' equity: Preferred shares, $7 cumulative, unlimited authorized, 204,000 shares issued and outstanding Common shares, 200,000 authorized, 80,000 shares issued and outstanding Retained earnings Total shareholders' equity 1,600,000 2,538,000 $6,178,000 On December 31, 2020, the board of directors proposed a five-for-four common stock split. The proposal was approved and new shares were distributed among shareholders. The market price of the shares on December 31, 2020, was $22 per share. (a) Determine the number of shares that were distributed among the shareholders as a result of the five-for-four stock split. The number of shares distributed from the split What accounting entry will be made for this split? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit What would be the expected market price for the shares after giving rise to the five-for-four stock split? (Round answer to 2 decimal places, e.g. 15.25.) $ Expected market price (d). Show the shareholders' equity section of the company immediately after the five-for-four stock split. Del Rosso Winery Inc. Shareholders' Equity December 31, 2020 $ $

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