At January 1, 2021, Ross Corporation had the following shareholders' equity: Share capital $1 Preferred shares, noncumulative, 25,000 shares authorized, 8,000 shares issued $160,000 Common shares, 1,000,000 shares authorized, 50,000 shares issued 750,000 910,000 Retained Earnings 425,000 Total Shareholders' Equity $1,335,000 On March 12, 2021, when the common shares have a market value of $18, the board of directors declared and paid a 10% common stock dividend. On July 31, 2021, the board decla