The Statement of Changes in Shareholders' Equity for Creative Minds Inc. for the year ended December 31, 2020, was as follows: of Creative Minds Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2020 Common Shares $225,000 Retained Earnings $140,000 ($60,000) ($25,000) Balance, December 31, 2019 Net loss Cash dividends Issuance of shares Stock dividends Balance, December 31, 2020 Total Shareholders Equity $365,000 ($60,000) ($25,000) $40,000 $0 $320,000 40,000 50,000 $315,000 ($50,000) $5,000 Required: 1. The opening balance of total shareholders' equity was $ 365000 2. Common shares increased during the year by $ 40000 3. In total, how much cash did the owners of Creative Minds Inc. receive during 2020 as a return on their investment? $ 25000 4. What dollar impact did the stock dividends have no total shareholders' equity? $ 0 5. At the end of 2020, how much income has Creative Minds Inc. retained in the business (that is, not given back to its shareholders) since its inception? $ 5000