Item$2$

$13$points

Item $2$

Arcus Development Inc.$$s equity section on the December $31,2022,$ balance sheet showed the following information:

$$

$$Common shares, unlimited shares authorized, $110,000$ shares issued and outstanding$$2,156,000$Retained earnings$407,500$

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\mathrm{.}60,$ $$20\mathrm{.}60,$ and $$21\mathrm{.}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.$)$