Blue Spruce Corp. reported the following amounts in the shareholders equity section of its December 31, 2019 SFP:

Preferred shares, $8 dividend (9,000 shares authorized, 2,200 shares issued)		$215,600
Common shares (unlimited authorized, 30,000 issued)		720,000
Contributed surplus		70,800
Retained earnings		290,000
Accumulated other comprehensive income		80,000
Total		$1,376,400

During 2020, the company had the following transactions that affect shareholders equity.

1.		Paid the annual 2019 $8 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends had been declared on December 31, 2019.
2.		Purchased 3,600 shares of its own outstanding common shares for $39 per share and cancelled them.
3.		Issued 900 shares of preferred shares at $108 per share (at the beginning of the year).
4.		Declared a 5% stock dividend on the outstanding common shares at their fair value when the shares were selling for $44 per share.
5.		Issued the stock dividend.
6.		Declared the annual 2020 $8 per share dividend on preferred shares and a $2 per share dividend on common shares. These dividends are payable in 2021.

The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2019, were $2,140,000, and total assets at December 31, 2020 were $2,616,000. The company follows IFRS.

(a)

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