Jim Hortons Coffee has two classes of shares outstanding: preferred ($3 dividend) and common. At December 31, 2019, the following accounts and balances were included in shareholders equity: Preferred shares, 300,000 shares issued (authorized, 1,000,000 shares) $ 3,000,000 Common shares, 1,000,000 shares (authorized, unlimited) 10,000,000 Contributed surplus Preferred 200,000 Contributed surplus Common 17,000,000 Retained Earnings 5,500,000 The following transactions affected shareholders equity during 2020: Jan 1 Issued 30,000 preferred shares at $32 per share Feb. 1 Issued 40,000 common shares at $24 per share June 1 Declared a 2-for-1 stock split (common shares) July 1 Purchased and retired 26,000 common shares at $17 per share Dec. 31 Net income is $2,700,000 Dec 31 The preferred dividend is declared, and a common dividend of $0.65 per share is declared Prepare the statement of changes in shareholders equity.