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

1,100,000

Common shares, unlimited number of shares authorized, 1,100,000 shares issued

3,322,200

Contributed surplus?reacquisition of common shares

15,400Retained earnings

7,250,000Accumulated other comprehensive income

(455,000)

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, Grant's 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 45,000 common shares for $155,000 cash.

5.

On December 15, 2021, Grant's 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, bothpayable 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.

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 1,100,000 Common shares, unlimited number of shares authorized, 1.100,000 shares issued 3,322,200 Contributed surplus-reacquisition of common shares 15,400 Retained earnings 7,250,000 Accumulated other comprehensive income (455,000) 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, Grant's board of directors declared the semi-annual dividend to the preferred shareholders to shareholders of record on June 15, payable June 30. rly 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16, 2021, reacquired 45,000 common shares for $155,000 cash. 5. On December 15, 2021, Grant's 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.PRINTER VERSION RCES Statement of Changes in Shareholders' Equity ment Year ended December 31, 2021 14- Preferred Common Stock Shares Dividend Contributed Surplus- Reacquisition of Accumulated Shares Distributable Retained Common Shares Other Comprehensive Earnings Income (Loss) Total 14 Balance, January 1 1,100,000 3,322,200 15,400 7,250,000 -455,000 11,232,600 m 14- issued for equipment 295,400 295,400 m 14- Reacquired shares -155,000 -155,000 Stock Dividend 458,000 -458,000 Study Cash dividends 100,000 100,000 Comprehensive income 1,450,000 1,450,000 Balance, December 31 1,100,000 3,462,600 458,000 15,400 8,142,000 -455,000 12,723,000