Junk 'R Us (JRU) recently went public as of January 1, 2020. At the time it issued 2,000,000 common shares worth $50,000,000 along with 250,000, 5% preferred shares for a total of $7,000,000. By the end of the year (December 31, 2020), JRU showed the equity section of its balance sheet that it had retained earnings of $9,500,000. The following transactions occurred during the year 2021: . Issued and additional 950,000 common shares raising another $26,000,000 . Repurchased and cancelled 225,000 shares at $22 per share . Issued 6,500 common shares in exchange for new truck worth $95,000 . Issued another 425,000 common shares raising an additional $15,000,000 . Stock split 2 to 1 . Repurchased 45,000 at $34 per share . Declare a $0.90 common share dividend and dividend on the preferred shares . Paid the dividends at year end