Grant Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders equity on January 1, 2017, the first day of its fiscal year.

• $0.50 noncumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued 1,200,000
• Common shares, unlimited number of shares authorized, 1,200,000 shares issued 3,672,200

• Contributed surplus reacquisition of common shares 14,200
• Retained Earnings 7,250,000
• Accumulated other comprehensive income (434,000)

During the year, there were the following transactions related to shares.

1. On May 15, 2017, Grant purchased a Caterpillar bulldozer in exchange for 90,000 common shares with a market value of $3.15 per share. The fair value of the bulldozer was $295,400.
2. On June 1, 2017, Grants board of directors declared the semi-annual dividend to the preferred shareholders to shareholders of record on June 15, payable June 30.
3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date.
4. On September 16, 2017, reacquired 40,000 common shares for $139,250 cash.
5. On December 15, 2017, Grants board of directors declared the second semi-annual dividend to the preferred shareholders payable December 30, 2017 and a 10% stock dividend to the common shareholders for shareholders of record on December 16, 2017 payable January 20, 2018. The market price of the common shares at December 15, 2017 was $4.00 per share.
6. Reported profit of $1,450,000 for the year.

Prepare a schedule showing all transactions for common shares and the calculation of the average per share amount of shares issued.