Ice Industries Inc. showed the following equity account balances at December 31, 2022:

The company issued long-term debt during 2023 that requires a retained earnings restriction of $72,000. Share dividends declared but not distributed during 2023 totalled 7,000 shares capitalized for a total of $84,000.A. Prepare a statement of changes in equity for the year ended December 31, 2023, assuming profit earned during the year was $124,800.B. What is the maximum amount of dividends that the company can declare during 2024?

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Common shares, unlimited shares authorized, 70,000 shares issued and outstanding.. Retained earnings......... $816,000 112,800