Benton Corporation, a publicly traded company, is authorized to issue 193,000 $4 noncumulative preferred shares and an unlimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,300 shares issued) $408,800 Common shares (67,200 shares issued) 1,075,200 Contributed surplus 25,500 Retained earnings 819,000 Accumulated other comprehensive income 10,200 The following equity transactions occurred in 2021: Feb. 6 Apr. 6 27 May 29 Aug. 22 Issued 10,400 preferred shares for $624,000. Issued 19,200 common shares for $566,400. Repurchased and retired 2,700 common shares at $18 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years. Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1. Issued 9,600 common shares in exchange for a building. At the time of the exchange, the building was valued at $162.100 and the common chorar a $147.000