BrambleLimited has two classes of shares outstanding: preferred ($6dividend) and common. At December 31, 2019, the following accounts and balances were included in shareholders' equity:

Preferred shares,290,000shares issued (authorized, 1,000,000 shares)$3,000,000Common shares,1,000,000shares (authorized, unlimited)25,000,000Contributed surpluspreferred200,000Contributed surpluscommon2,000,000Retained earnings5,500,000Accumulated other comprehensive income250,000

The contributed surplus accounts arose from net excess of proceeds over cost on previous cancellations of shares of each respective class. The following transactions affected shareholders' equity during 2020:

Jan. 1Issued25,000preferred shares at $25per share.Feb. 1Issued50,000common shares at $20per share.June 1Declared a 2-for-1 stock split (common shares).July 1Purchased and retired30,000common shares at $15per share.Dec. 31Net income is $2,100,000; comprehensive income is $2,050,000.Dec. 31The preferred dividend is declared, and a common dividend of $0.50per share is declared.

Assume thatBramblefollows IFRS.

Prepare the statement of changes in shareholders' equity for the company at December 31, 2020.

Prepare the shareholders' equity section of the SFP for the company at December 31, 2020.

Prepare the journal entry for the repurchase of30,000common shares on July 1, 2020.

Prepare the journal entry for the repurchase of30,000common shares assuming instead that the repurchase took place on May 31 at the same repurchase price of $15.