Common shares, unlimited number authorized, $3\mathrm{.}08$ million issued

Retained earnings

$$3,080,000$

$4,030,000$

The following selected transactions occurred during $2024$:

Jan. $5$ Issued $210,000$ preferred shares at $$25$ per share.

Feb. $11$ Issued $90,000$ common shares in exchange for a building. On this date, the fair value of the building was $$183,000.$

The common shares have not recently traded, but the last time they traded, they sold for $$2\mathrm{.}50$ per share.

Mar. $9$ Declared the quarterly cash dividend to preferred shareholders of record on March $25,$ payable April $15.$

Apr. $28$ Issued $380,000$ common shares at $$3$ per share.

June $15$ Declared the quarterly cash dividend to preferred shareholders of record on June $30,$ payable July $15.$

Sept. $5$ Declared the quarterly cash dividend to preferred shareholders of record on September $15,$ payable October $11.$

Oct. $13$ Issued $41,000$ preferred shares at $$25$ per share.

Dec. $6$ Declared the quarterly cash dividend to preferred shareholders of record on December $20,$ payable January $10.$

$18$ Declared a cash dividend of $$0\mathrm{.}50$ per share to the common shareholders of record on December $31,$ payable January $10.$

$31$ Net income for the year was $$1\mathrm{.}08$ million.