Blossom Holdings Inc. has authorized share capital of an unlimited number of common shares and 1,000,000 $3-cumulative preferred shares. At January 1,2024, the balances in its share capital accounts were $45,100 in common shares representing 15,100 shares and $30,000 in preferred shares representing 1,000 shares. The company had a balance of $50,100 in contributed surplus from previous years' repurchases of common shares. The retained earnings balance on that date was $180,000 and accumulated other comprehensive income was $61,000. Profit for the year ended December 31,2024 , was $21,000 and other comprehensive income items for the year were $5,000. There were no dividends in arrears at January 1,2024, and no dividends were declared during 2024. During 2024