Question 7 View Policies Current Attempt in Progress The shareholders' equity section of the statement of financial position of Dolce Corporation as at December 31, 2020, is given below. $5,642,000 Shareholders' equity: Preferred shares. $9 non-cumulative, unlimited authorized 217,000 shares issued and outstanding Common shares, unlimited authorized, par value $29, 231,000 shares issued and outstanding Retained earnings Total shareholders' equity 6,699,000 4,800,000 $17,141,000 The board of directors for Dolce Corporation feels it is important that its shares trade at or below $50 per share in order to attract the maximum number of investors. The market price is currently $150 per share. What would be the expected market price per share if 3-for-1 stock split is issued? Expected market price List of Accounts List of Accounts Prepare the journal entry for your recommendation. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually If no entry is required, select "No entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit List of Accounts Prepare the shareholders' equity section for Dolce Corporation immediately after your recommendation Dolce Corporation Shareholders' Equity December 31, 2020 Prepare the shareholders' equity section for Dolce Corporation immediately after your recommendation, Dolce Corporation Shareholders' Equity December 31, 2020 List of Accounts