Ayayai Corporation, a public company, reported the following balances at January 1, 2020: Common Shares (30,000 shares issued, unlimited authorized) $ 750,000 Retained Earnings 1,498,000 Contributed Surplus 150,000 Accumulated Other Comprehensive Income 49,700 During the year ended December 31, 2020, the following summary transactions occurred: Net income earned during the year $ 497,000 Unrealized gain on fair value through other comprehensive income (FV-OCI) investments Reduction of contributed surplus during the year due to repurchase of common shares 24,000 19,000 Reduction of common shares account balance during the year due to repurchase of 1,100 common shares 27,500 Dividends declared during the year on common shares 68,000 Issued 2,300 common shares during the year 115,000