Book Print erences Arcus Development Inc.'s equity section on the December 31, 2022, balance sheet showed the following information: Common shares, unlimited shares authorized, 110,000 shares issued and outstanding Retained earnings On January 15, 2023, the company's board of directors declared a 15% 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 $21.60, $20.60, and $21.10, 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 transaction/event, select "No journal entry required" in the first account field.) View transaction list No 1 $2,156,000 407,500 View journal entry worksheet Date January 15, 2023 General Journal Share dividends Common share dividends distributable Debit 356,400 Credit 356,400

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 15% share dividend to the sharehoiders of record on January 20 to be distributed on January 30 . The market prices of the shares on January 15,20 , and 30 were $2160. $20.60, and $2110, 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 transaction/event, select "No journal entry required" in the first account fieid.) 2. Prepare the equity section on the January 31,2023 , balance sheet, assuming profit earned during January 2023 was $582,500