23 . Westcock Shipbuilding Led . has a December 31 year end . On January 1 , 2017 , the company had the following shareholder's Equity accounts . Preferred Shares , $4 non cumulative , unlimited number authorized . 7, 000 issued $ 850, 000 Common Shares , unlimited number authorized , 150, 000 issued 2, 250, 000 Retained Earnings 1 , 750, 000 Accumulated Other Comprehensive Income* 22, 000 Westcock Shipbuilding Led . had the following transactions during 2017 : Jan 31 Issued 700 Preferred shares at $95 per share . Mar 2 Reacquired 5, 000 Common Shares at $16 a share . Jun 28 Announced a & for 1 stock split of the common shares . Immediately before* the split , the share price was $13 a share . SEP 15 Declared the annual dividend on the preferred shares for shareholders of