On December 31, 2020, Cullumber Corporation had the following shareholders equity accounts: CULLUMBER CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders equity Common shares (unlimited number of shares authorized, 86,000 issued) $1,156,000 Retained earnings 560,000 Total shareholders equity $1,716,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. July 1 Announced a 3-for-2 stock split. The market price per share on the date of the announcement was $12. Dec. 15 Declared a 10% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the market price of each share was $8; on December 30, $11; and on January 15, $10. 31 Determined that profit before income tax for the year was $462,000. The company has a 35% income tax rate.

Prepare the shareholders equity section of the balance sheet at December 31, 2021.

CULLUMBER CORPORATION Partial Balance Sheet December 31, 2021For the Year Ended December 31, 2021For the Month Ended December 31, 2021
Total Current LiabilitiesLong-Term LiabilitiesTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal LiabilitiesTotal Liabilities and Shareholders' EquityCurrent LiabilitiesIntangible AssetsTotal AssetsShareholders' EquityLong-Term InvestmentsProperty, Plant and EquipmentTotal Shareholders' EquityTotal Current AssetsTotal Intangible AssetsTotal Property, Plant and EquipmentCurrent Assets
Total Share CapitalOwner's DrawingsContributed SurplusReacquired SharesShare CapitalAccumulated Other Comprehensive Income
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Owner's DrawingsContributed SurplusReacquired SharesShare CapitalAccumulated Other Comprehensive IncomeTotal Share Capital
Total Current AssetsCurrent LiabilitiesTotal Property, Plant and EquipmentTotal Liabilities and Shareholders' EquityTotal Long-Term InvestmentsTotal Current LiabilitiesLong-Term LiabilitiesIntangible AssetsTotal Shareholders' EquityTotal Long-Term LiabilitiesCurrent AssetsTotal Intangible AssetsLong-Term InvestmentsTotal AssetsShareholders' EquityTotal LiabilitiesProperty, Plant and Equipment					$