Current Attempt in Progress The shareholders' equity accounts of Blossom Inc. at December 31, 2020, are as follows: $200,000 750,000 Preferred shares, $3 noncumulative, unlimited number authorized, 2,000 issued Common shares, unlimited number authorized, 150,000 issued Retained earnings Accumulated other comprehensive loss 490,000 (49,000 Blossom has a 35% income tax rate During the following fiscal year, ended December 31, 2021, the company had the following transactions and events: Blossom has a 35% income tax rate. During the following fiscal year, ended December 31, 2021, the company had the following transactions and events: Feb. 1 July 12 Dec 1 Repurchased 10,000 common shares for $40,000, Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150 Declared the annual cash dividend ($1.50 post-split) to the preferred shareholders of record on January 10, 2022 payable on January 31, 2022. Declared a 5% stock dividend to common shareholders of record at December 20, distributable on January 12. 2022. The fair value of the common shares was $11 per share. Determined that for 2021, profit before income tax was $350,000 and other comprehensive Income net of income tax expense of $42,000, was $78,000. Dec. 18 Dec 31 Prepare a statement of changes in shareholders' equity for the year ended December 31, 2021. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Preferred Shares Common Shares Stock Dividend Distributable Balance, January 1 Reacquired common shares Stock split 2 for 1 Cash dividends-preferred Stock dividends-common Preferred Shares Common Shares Stock Dividend Distributable Balance, January 1 $ $ Reacquired common shares Stock split 2 for 1 Cash dividends-preferred Stock dividends-common Comprehensive income Balance, December 31 $ $ $ Stock Dividend Distributable Reacquisition of Common Shares Retained Earnings Compri Incom $ $ $ $ $ $ !! Reacquisition of Common Shares Retained Earnings Comprehensive Income (Loss) Total $ $ $