On December 31, 2020, a dividend of $0.75 was declared to shareholders of record on January 10, 2021, to be paid on January 29, 2021. Use the direct method and flow the dividend declaration through retained earnings

Aylmer had 175,000 common shares outstanding and the shares are publicly traded. Since Aylmer is a publicly-traded company, it follows IFRS.

		2019		2020
Retained Earnings		727,144		1,853,370
Common Stock		1,794,094		1,794,094