Common shares

At the beginning of 2018, the shareholders’ equity section of the statement of financial position of PontiCorporation reflected the following:Common shares, no par value, authorized unlimited numberof shares, issued and outstanding 36,100 shares$ 361,000Retained earnings752,000On February 1, 2018, the board of directors declared a 100 percent stock dividend to be issued on April 30,2018. The price per common share was $19 on February 1, 2018.