Arcus Development inc's equity section on the December 31, 2022, balance sheet showed the following information: On January 15, 2023, the company's board of directors declared a 5% 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 30 were $19.80,$18.20 and $1900, respectively. Required: 1. Prepare the required entries for January 15,20 , and 30 . Assume share dividends account is used when dividends are declared. (If no entry is required for a transoction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the deciaration of share dividends to common shareholders. Potefl Litel detita before credite: Prepare the required entries for January 15, 20, and 30 . Assume share dividends account is used when divdends are declared (If o entry is required for a transactionievent, select "No journal entry required' in the first account field.) Journal entry worksheet Fecond the declaration of share dividends to comenen shareholder? Woter Fiter debet, befor a doung. 2. Prepare the equity section on the Januaty 31, 2023, balance sheet, assuming profit earned during January 2023 was $605,000