D2L Final Ex X In Final Ex: X In Chapter X In Chapter X Th Chapter X C On Oct X C Prepare X DD docx (4 X ) KAP2 5 X > course X Course X How to x + X C @ https://www.ameengage.com/mod/quiz/attempt.php?attempt=3861793&cmid=1071834&page=20 Question 2 1 Quiz navigation After closing the books at month end on June 30, 2020, Slayter Corporation's shareholders' equity section shows the following balances: Not yet answered Contributed Capital Marked out of Common shares, unlimited shares authorized 28,000 shares issued and outstanding $310,000 10.00 Retained Earnings $840,000 Flag Total Shareholders' Equity $1,150,000 question Do not enter dollar signs or commas in the input boxes. Scenario 1 The company declared and immediately distributed a 50% stock dividend. Current market price was $15. The company recorded the stock dividend by debiting Retained Earnings. a) Calculate the balance of retained earnings after the stock dividend. Slayter Corporation Statement of Retained Earnings For the Month Ended June 30, 2020 Opening Balance Less: Stock Dividend Balance - June 30, 2020 b) Prepare the shareholders' equity section of balance sheet as at June 30, 2020 (after the stock dividend has been distributed). Slayter Corporation Balance Sheet (Partial) As at June 30, 2020 Shareholders' Equity Common shares, unlimited shares authorized 42,000 shares issued and outstanding Contact us! Retained Earnings -1'C Snow showers 1 0 ! @ () ENG 11:38 AM 2022-03-11D2L Final Ex X In Final Ex: X In Chapter X In Chapter X Th Chapte X C On Oct X C Prepare X and docx (4 X ) KAP2 5 X > course X Course X How to X + X C @ https://www.ameengage.com/mod/quiz/attempt.php?attempt=3861793&cmid=1071834&page=20 b) Prepare the shareholders' equity section of balance sheet as at June 30, 2020 (after the stock dividend has been distributed). Slayter Corporation Balance Sheet (Partial) As at June 30, 2020 Shareholders' Equity Common shares, unlimited shares authorized 42,000 shares issued and outstanding Retained Earnings Total Shareholders' Equity Scenario 2 As a separate scenario from Scenario 1, the company implemented a 2-for-1 stock split. a) Calculate the number of outstanding shares. Outstanding shares: shares b) Prepare the shareholders' equity section of the balance sheet as at June 30, 2020 (after the stock split has been completed). Slayter Corporation Balance Sheet (Partial) As at June 30, 2020 Shareholders' Equity Common shares, unlimited shares authorized, xxx shares issued and outstanding Retained Earnings OneDrive X Total Shareholders' Equity Screenshot saved The screenshot was added to your OneDrive. W 11:38 AM -1'C Snow showers 1 0 ! @ () ENG 2022-03-11