During 201?, the company had the following transactions that affect shareholders' equity. - 1.Paid the annual 2010 $0 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends had been declared on December 31, 2010. - 2.Purchased 3,?00 shares of its own outstanding common shares for $35 per share and cancelled them. - 3.lssued 1,000 shares of preferred shares at $105 per share [at the beginning of the year). I 4.Declared a 10% stock dividend on the outstanding common shares when the shares were selling for $45 per share. I 5.lssued the stock dividend. I E.Declared the annual 201? $0 per share dividend on preferred shares and a $2 per share dividend on common shares. These dividends are payable in 2010. A 00000 . DEEPEH The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2015 were $2,140,000, and total assets at December 31, 201? were $2,610,000. The company follows IFRS. Instructions {:1 Prepare journal entries to record the transactions above. {b} Prepare the statement of changes in shareholders' equity for the year '. .' ended December 31, 201?. f I.- {c} 3". Prepare the December 31, 201? shareholders' equity section. Assume HWE 201? net income was $450,000 and comprehensive income was $455,000. {d} Calculate the rate of return on common shareholders' equity and the rate of retum on total assets for 201?. Is Falkon trading on the equity? Evaluate the results from the perspective of a common shareholder