Ignoring part 1, On January 1, 2022, Dunder Mifflin Corp, a publicly traded company, had these shareholders equity accounts:

Common shares (Unlimited number of shares authorized, 60,000 issued) $600,000

Contributed surplus $30,000

Retained earnings $1,200,000

On February 1 the company declared a 5% stock dividend to common shareholders. The stocks market price was $30.00. February 15th is the date of record and March 1st is the date of payment. On February 15th the stocks market price was $31.00 and on March 1st the stocks market price was $32.00.

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction at March 1 st, 2022.

	January 1, 2022		March 1, 2022
number of shares	60,000
common shares	600,000
contributed surplus	30,000
retained earnings	1,200,000