Refer to the data for Peninsula Supply Corporation presented in BE14.11.?

(a) Prepare the statement of changes in shareholders? equity for the year ended December 31, 2021.

(b) Prepare the shareholders? equity section of the balance sheet at December 31, 2021.

BE14.11

Peninsula Supply Corporation provided the following schedule detailing the changes in the shareholders? equity accounts during 2020 and 2021. Determine the missing amounts.

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2021 2020 Number of Number of Shares Amount Shares Amount Common shares, unlimited authorized $ (b) Balance, January 1 Issued shares for cash Reacquired shares Balance, December 31 $600,000 500,000 50,000 500,000 32,500 (25,000) (c) (a) 603,750 500,000 600,000 Contributed surplus-reacquisition of common shares Balance, January 1 Reacquired common shares Balance, December 31 15,000 15,000 8,000 (d) 15,000 Retained earnings Balance, January 1 Profit (loss) 179,500 190,000 (h) (30,000) 22,500 Common dividends–Cash (e) Balance, December 31 181,000 179,500 Accumulated other comprehensive income Balance, January 1 Other comprehensive income (loss) 51,000 (1) (f) (3,000) Balance, December 31 68,000 51,000 Shareholders' equity, December 31 (1) (3)