Grant Construction Ltd prepares its reports using IFRS The following information relates to its shareholders equity on January 1, 2021, 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 3,720,200 Contributed surplusreacquisition of common shares 14,200 Retained earnings 7,250,000 Accumulated other comprehensive income (449,000) During 2021, there were the following transactions related to shares 1 On May 15, 2021, 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, 2021, 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, 2021, reacquired 40,000 common shares for $139,250 cash 5 On December 15, 2021, Grants board of directors declared the second semi annual dividend to the preferred shareholders payable December 30, 2021 and a 10 stock dividend to the common shareholders for shareholders of record on December 16, 2021, both payable January 20, 2022 The market price of the common shares at December 15, 2021 was $4 00 per share 6 Reported profit of $1,450,000 for the year Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued (Round the average per share to 2 decimal places, e g 5 27 and final answers to 0 decimal places, e g 5,276 Date Transaction Shares Proceeds Average Per Share Amount Jan 1 Beginning balance $ $ May 15 Issued shares Sub total $ Sep 16 Reacquisition $ Dec 15 Stock dividend Balance Dec 31 $ $ Record any necessary journal entries for the transaction in 2021 Ignore any closing entries and prepare the statement of changes in shareholders' equity for the year ended December 31, 2021

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Grant Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders equity on January 1, 2021, the first day of its

Grant Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders equity on January 1, 2021, 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

3,720,200

Contributed surplusreacquisition of common shares

14,200

Retained earnings

7,250,000

Accumulated other comprehensive income

(449,000)

During 2021, there were the following transactions related to shares.

1.		On May 15, 2021, 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, 2021, 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, 2021, reacquired 40,000 common shares for $139,250 cash.
5.		On December 15, 2021, Grants board of directors declared the second semi-annual dividend to the preferred shareholders payable December 30, 2021 and a 10% stock dividend to the common shareholders for shareholders of record on December 16, 2021, both payable January 20, 2022. The market price of the common shares at December 15, 2021 was $4.00 per share.
6.		Reported profit of $1,450,000 for the year.

Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,276.

Date	Transaction	# Shares	Proceeds	Average Per Share Amount
Jan. 1	Beginning balance		$	$
May. 15	Issued shares
	Sub-total			$
Sep. 16	Reacquisition
				$
Dec. 15	Stock dividend
	Balance Dec. 31		$	$

Record any necessary journal entries for the transaction in 2021. Ignore any closing entries and prepare the statement of changes in shareholders' equity for the year ended December 31, 2021.