Flint Construction Ltd. reported the following information related to its shareholders' equity on January 1, 2021, the first day of its fiscal year. $1,430,000 $0.50-noncumulative preferred shares, unlimited number of shares authorized, 130,000 shares issued 4.376,000 Common shares, unlimited number of shares authorized, 1,430,000 shares issued 493,500 Retained earnings During the year, the following transactions relating to shares occurred. 1. May 15, 2021, issued 5,000 preferred shares with a fair value of $11.50 per share for cash. innan Flint Construction Ltd. reported the following information related to its shareholders' equity on January 1, 2021, the first day of its fiscal year. $1,430,000 $0.50-noncumulative preferred shares, unlimited number of shares authorized, 130,000 shares issued 4.376,000 Common shares, unlimited number of shares authorized, 1,430,000 shares issued 493,500 Retained earnings During the year, the following transactions relating to shares occurred. 1. May 15, 2021, issued 5,000 preferred shares with a fair value of $11.50 per share for cash. innan