Oriole Mills Ltd$.$ had the following shareholders' equity at January $1,2023.$

The contributed surplus accounts arose from amounts received in excess of the par value of the shares when issued. During $2023,$ the

following transactions occurred:

Equipment was purchased in exchange for $100$ common shares. The shares' fair value on the exchange date was $$11$ per

share.

Sold $1,000$ common shares and $100$ preferred shares for the lump$-$sum price of $$23,750.$ The common shares had a market

price of $$13$ at the time of the sale.

Sold $2,500$ preferred shares for cash at $$101$ per share.

All of the subscribers paid their subscription prices into the firm.

The common shares subscribed were issued.

Repurchased and retired $1,000$ common shares at $$15$ per share. Calculate the amount recorded to contributed surplus on a

pro rata basis.

Net income for $2023$ was $$245,000.$ Prepare the shareholders' equity section for the company as at December $31,2023.($Round average price per share to $3$ decimal places,

e$.$g$.5\mathrm{.}275$ and the final answers to $0$ decimal places, e$.$g$.5,275.)$

ORIOLE MILLS LTD$.$

Shareholders' Equity

December $31,2023$

Preferred Shares

Common Shares

$

Contributed Surplus

Retained Earnings

Total Shareholders' Equity

$