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. 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 share 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 the statement of changes in shareholders' equity for the year ended December 31, 2021. GRANT CONSTRUCTION LTD Statement of Changes in Shareholders' Equity Year ended December 31, 2021 Stock Contributed Surplus- Preferred Common Dividend Reacquisition of Shares Shares Distributable Common Shares Balance, January 1 Issued for equipment Reacquired shares Stock Dividend Cash dividends Comprehensive income Balance, December 31GRANT CONSTRUCTION LTD Statement of Changes in Shareholders' Equity Year ended December 31, 2021 Stock Contributed Surplus- Accumulated on Dividend Reacquisition of Retained Other Comprehensive Distributable Common Shares Earnings Income (Loss) Total LA