Current Attempt in Progress Penny Worth Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021. Accumulated other comprehensive income: Retained earnings: Balance, Jan. 1 $93,000 Balance, Jan. 1 $1,432,000 Other comprehensive income (23.000) Net income 388,000 Balance, Dec. 31 $70,000 Dividends declared (68,000 ) Contributed surplus: Balance, Dec. 31 $1,752,000 Balance, Jan. 1 $488,000 Common shares: Common shares repurchased (36,000 ) Balance, Jan. 1 $781,000 Balance, Dec. 31 $452,000 Shares issued 193,000 Shares repurchased (180,000 ) Balance, Dec. 31 $794,000