Pronghorn Corp. reported the following amounts in the shareholders' equity section of its December 31, 2019 SFP: Preferred shares, $6 dividend (10,000 shares authorized, 2,200 shares issued) $217,800 Common shares (unlimited authorized, 21,000 issued) 504,000 Contributed surplus 45,200 Retained earnings Accumulated other comprehensive income Total 290,000 78,000 $1,135,000 During 2020, the company had the following transactions that affect shareholders' equity. 1. Paid the annual 2019 $6 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends had been declared on December 31, 2019. 2. Purchased 3,500 shares of its own outstanding common shares for $31 per share and cancelled them. 3. 4. Issued 1,000 shares of preferred shares at $104 per share (at the beginning of the year). Declared a 5% stock dividend on the outstanding common shares at their fair value when the shares were selling for $40 per share. 5. Issued the stock dividend. 6. Declared the annual 2020 $6 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends are payable in 2021.