Grouper Construction Ltd$.$ prepares its reports using IFRS. The following information relates to its shareholders' equity on January $1,$

$2023,$ the first day of its fiscal year.

$$0\mathrm{.}70-$noncumulative preferred shares, unlimited number of shares authorized, $100,000$ shares issued

Common shares, unlimited number of shares authorized, $1,110,000$ shares issued

Contributed surplus $($repurchase of common shares$)$

Retained earnings

Accumulated other comprehensive income

$$1,100,000$

$3,352,200$

$14,500$

$7,390,000$

$(454,000)$

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

On May $15,2023,$ Grouper purchased equipment in exchange for $94,000$ common shares with a market value of

$$3\mathrm{.}40$ per share. The fair value of the equipment was $$307,960.$

On June $1,2023,$ Grouper's board of directors declared the semi$-$annual dividend to the preferred shareholders

of record on June $15,$ payable June $30.$

The semi$-$annual dividend to the preferred shareholders is paid on the appropriate date.

On September $16,2023,$ reacquired $47,000$ common shares for $$160,000$ cash.On December $15,2023,$ Grouper's board of directors declared the second semi$-$annual dividend to the preferred

shareholders and a $10\%$ stock dividend to the common shareholders for shareholders of record on December $31,$

$2023$ payable January $20,2024.$ The market price of the common shares at December $15,2023$ was $$4$ per share.

Reported comprehensive income of $$1,460,000$ for the year, consisting of $$1,460,000$ of profit and $$0$ other

comprehensive income.

$($a$)$

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

average cost to $2$ decimal places, e$.$g$.$ $$52\mathrm{.}75.)$