Ribian Motors, a Canadian maker of electrical vans, reported the following transactions in 2021:

Jan. 1 Declared $2 per share dividend (preferred) and $0.80 per share dividend (common). These dividends would be paid on April 15 to shareholders on record on Jan. 18.

Feb. 1 - Issued 1,000 common shares at 22 per share.

March 1 - Issued 5,000 more preferred shares at $75 per share.

April 3 - Purchased 9,000 common shares at $25 per share and cancelled them.

April 15 Paid dividends declared on Jan. 1.

October 3 - Purchased 5,000 common shares at $26 per share and cancelled them.

October 13 - Declared a 10% stock dividend on the outstanding common shares when the shares were trading at $28 per share.

Nov. 13 - Issued the stock dividend.

The statement of financial position of Ribian Motors dated December 31, 2020 showed the following account balances in the shareholders equity section: Preferred shares, $2 dividend (70,000 shares authorized, 10,000 shares issued) $700,000 Common shares (unlimited authorized, 99,000 issued) 1,978,000 Contributed surplus 8,000 Retained earnings 702,000 Accumulated other comprehensive income 30,000 Total $3,492,000 The contributed surplus (credit balance) arose from a previous common share buybacks and cancellations. 1. Make journal entries for each transaction in 2021 described. 2. Calculate the balance of each following account as of Dec. 31, 2021.

Common Shares Preferred Shares Contributed Surplus Retained Earnings