4. What impact will this transaction uuv v --. nd Retained Earnings 5P1 1-11) 1-7 Analyzing the Repurchase of Shares a _ _ y . . . The following information is extracted from the statement of {manual posmon of Dollaratmah'Q All amounts are in thousands of Canadian dollars. dtttM febmam 2. 2014 Shareholders' Equity Share capital $462,734 $458,602 Contributed surplus 15,338 10,884 Retained earnings 1516,1112 346,478 Accumulated other comprehensive income 55,2616 13,202 Total shareholders' equity 7 7 $740,480 $864,166 Net earnings for the year ended December 31, 2015, is $295,410. WestJet reported the following information in the notes to its 2015 financial statements: Taking into account the Share Split, the total number of common shares repurchased for cancellation WWW during the year ended February 1, 2015, amounted to (4,272,672 common shares (February 2, 2014-7,440,836 common shares , , der the 2013-2014 NCIB) for a total cash consideration of $436,221 (February 2, 2014'- .. 201% For the year ended February 1: 2015, the Corporation's share capital was reduced 25437 (February 2, 2014$26,460) and the remaining $403,284 (February 2, 2014 g_,741) was accounted for as a reduction of retained earnings