Question: Please explain step by step how to solve equation and don't round numbers. Thank you! Question 4 Incorrect Mark 0.00 out of 1.00 P Flag

Please explain step by step how to solve equation and don't round numbers. Thank you!

Question 4 Incorrect Mark 0.00 out of 1.00 P Flag question P Company has 60481 shares issued and outstanding On March 1, 2019 declared a 4 for 1 stock split when the market value was $15 per share On July 1, 2019 declared a cash dividend of of $1.81 per share The effect on retained earnings of this transaction is an increase/(decrease) of: Answer: 437882.44 X

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