Arcus Development Inc.'s equity section on the December 31, 2019, balance sheet showed the following information Common shares, unlimited shares authorized, 120,000 shares issued and outstanding Relained earnings S2,304,000 605.000 On January 15, 2020, the company's board of directors declared a 10% share dividend to the shareholders of record on January 20 to be distributed on January 30. The market prices of the shares on January 15, 20, and 20 were $21.30, $20,20, and $20.75, respectively, Required: 1. Prepare the required entries for January 15, 20, and 30. Assume share dividends account is used whan dividends are declarad. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the declaration of share dividends to common shareholders. Note: Enter debits before credits. Date General Journal January 15, 2020 Debit Credit Record entry View general journal 2. Prepare the equity section on the January 31, 2020, balance sheet, assuming profit earned during January 2020 was $750,000 ARCUS DEVELOPMENT INC. Equity Section of Balance Sheet January 31, 2020 Contributed capital: Total equity