Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2019, it had an unlimited number of common shares authorized and 5,200,000 shares issued at an average value of $ 29 per share. As well, there were 5,000,000 preferred shares authorized, with 250,000 of them issued at $ 19 per share. The balance in retained earnings was $ 26,690,000. The balance in accumulated other comprehensive income was $ 532,000. The preferred shares pay an annual dividend of $ 2 per share. During 2020, the following transactions affected shareholders equity:

1.		In total, 200,000 new common shares were issued at $ 34 per share.
2.		The preferred dividend for the year was declared and paid.
3.		A 10% common stock dividend was declared when the market price was $ 33 per share. The shares were distributed one month after the declaration.
4.		In early December 2020, a dividend of $ 1.60 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year.
5.		The company earned a net income of $ 14,960,000 and had an other comprehensive loss of $ 135,000.
6.		On December 31, 2020, the company declared a two-for-one stock split on common shares.

Prepare the statement of changes in shareholders equity for 2020 and the shareholders equity section of the statement of financial position as at the end of 2020.

Pharma Shop Ltd. Statement of Changes in Shareholders Equity Year Ended December 31, 2020

Number of common shares

Common Shares

Number of preferred shares

Preferred Shares

Retained Earnings

Accumulated other comprehensive income

Total

Dec. 31, 2019

$

$

$

$

$

Common shares issued

Cash dividends

Stock dividend - common shares

Net income

Other comprehensive loss

Stock split on common shares

Dec. 31, 2020

$

$

$

$

$

Pharma Shop Ltd. Statement of Shareholders' Equity December 31, 2020 $ $