14- Grant Construction Led. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1, 2021, the first day of its fiscal year. $0.50-noncumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued 1,100,000 14- Common shares, unlimited number of shares authorized, 1,100,000 shares issued 3,322,200 Contributed surplus-reacquisition of common shares Retained earnings 15,400 7,250,000 Accumulated other comprehensive income (455,000) During 2021, there were the following transactions related to shares. 1. On May 15, 2021, Grant pulchased a Caterpillar bulldozer in exchange for 90,000 common shares with a market value of $3.15 per share. The fair value of the bulldozer was $295,400. 2. On June 1, 2021, Grant's board of directors declared the semi-annual dividend to the preferred shareholders to shareholders of record on June 15, payable June 30. 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16, 2021, reacquired 45,000 common shares for $155,000 cash. 5. On December 15, 2021, Grant's board of directors declared the second semi-annual dividend to the preferred shareholders payable December 30, 2021 and a 10% stock dividend to the common she on December 16, 2021, both payable January 20, 2022. The market price of the common shares at December 15, 2021 was $4.00 per share. 6. Reported profit of $1,450,000 for the year.0 decimal places, e.g. 5,276.) Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, e.g. 5.27 and final answers to Average Date Transaction # Shares Per Share Proceeds Amount Jan. 1 Beginning balance 1,100,000 3,322,200 3.02 May. 15 Issued shares 90,000 295,400 Sub-total 1,190,000 3,617,600 3.04 Sep. 16 Reacquisition -45,000 136,800 1,145,000 3,480,800 3.04 Dec. 15 Stock dividend 114,500 458,000 Balance Dec. 31 1,259,500 3,938,800 $ 3.13