Explanation Arcus Development Inc.'s equity section on the December 31, 2019, balance sheet showed the following information: Common shares, unlimited shares authorized, 200,000 shares issued and outstanding Retained earnings $3,280,000 482,500 Show m 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 30 were $19.20, $17.40, and $18.30, respectively.