4. Ignoring parts 1, 2 & 3, on January 1, 2022, Dunder Mifflin Corp, a publicly traded company, had these shareholders equity accounts:

Common shares (Unlimited number of shares authorized, 60,000 issued) $600,000

Contributed surplus $30,000

Retained earnings $1,200,000

On February 1 the company declared a $1 per share cash dividend to common shareholders. The stocks market price was $30.00. February 15th is the date of record and March 1st is the date of payment. On February 15th the stocks market price was $31.00 and on March 1st the stocks market price was $32.00.

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction at March 1st, 2022

	January 1,2022	Add/subtract	March 1, 2022
Number of Common Shares	60,000
Common Shares	$600,000
Contributed Surplus	$30,000
Retained Earnings	$1,200,000