Chapter 13/14 Question 3 3 Bodyworks Fitness Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. Preferred Shares, $5 cumulative, unlimited 5 number authorized, 56,500 issued Common Shares, unlimited number -authorized. 150,000 issued 3 Retained Earnings 0 Accumulated Other Comprehensive Income $650,000 1,125,000 2,215,000 42,000 1 Bodyworks Fitness Ltd. had the following transactions during 2021: 2 31-Jan 28-Feb 3 31-Mar Issued 40,000 common shares at $ 9.50 per share. Issued 1,000 preferred shares at $ 110 per share. Reacquired 20,000 Common Shares at $11 per share. 4 56 6 31-Aug Issued 25,000 common shares at $ 13 per share. 7 The company reported net income of $ 720,000 and comprehensive income of $ 792,000 for 2021. 8 9 Instructions COA) Record all of the transactions. 1 B) Prepare the Statement of Changes in Shareholders' Equity 2 C) Calculate Bodyworks Fitness' 2021 earnings per share. B