i need the correct answers and the process of how to calculate them. thanks
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 authortzed, 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. 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, 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. *(a) Your answer is partially correct. Try again. 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 o decimal places, e.g. 5,276.) Average Per Share Amount Proceeds Date Jan. 1 Transaction Beginning balance # Shares 1,100,000 13,322,200 $4.02 May. 15 Issued shares 90000 1295400 Sub-total $3.03 3617600 190000 Sep. 16 Reacquisition 45,000 1145000 3462600 3.02 Dec. 15 Stock dividend 114500 M58000 $0.12 Balance Dec. 31 11259500 3923600 Grant Construction Ltd. prepares is reports using IFRS. The following information relates to its shareholders' equity on January 1, 2001, the first day of its focal 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 she 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, places, e.g. 5,276.) Average Per Share Amount # Shares Date Proceds 3,322,200 Transaction Beginning balance 3.02 1,100,000 Jan 1 E 90000 295400 May. 15 Issued shares 3.03 3617600 Sub-total 1190000 -155000 -45,000 Reacquisition Sep. 16 3.02 3462600 1145000 458000 114500 Dec. 15 Stock dividend 3.12 3923600 1259500 Balance Dec. 31
