- / 25 Grant Construction Ltd. 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 Common shares, unlimited number of shares authorized, 1.100,000 shares issued Contributed surplus-reacquisition of common shares Retained earnings Accumulated other comprehensive income 1.100,000 3.322.200 14,600 7.100.000 (439,000) 2. During 2021. there were the following transactions related to shares. On May 15, 2021. Grant purchased a Caterpillar bulldozer in exchange for 90.000 common shares with a market value of 1. $3.15 per share. The fair value of the bulldozer was $295.400 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. On September 16, 2021. reacquired 45.000 common shares for 5155.000 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 shareholders for shareholders of record 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 Reported proht of $1.450,000 for the year. 6 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, eg, 5.27 and final answers to decimal places, eg 5,276.) Average Per Share Amount Date # Shares Proceeds 1100000 $ Jan. 1 3322200 $ 3.02 Transaction Beginning balance Issued shares May 15 90000 295400 1190000 3617600 Sub-total 3.04 Sep. 45000 155000 Reacquisition