Some of the account balances of Vos Limited at December 31, 2019 are as follows:

$5 Preferred shares (1,800 shares authorized, 1,800 shares issued and outstanding)		$600,000
Common shares (unlimited authorized, 56,000 shares issued and outstanding)		470,000
Contributed surplus		100,000
Retained earnings		763,000
Accumulated other comprehensive income		21,840

The price of the companys common shares has been increasing steadily on the market; it was $20 on January 1, 2020 and advanced to $23 by July 1 and to $26 at the end of 2020. The preferred shares are not openly traded but were appraised at $119 per share during 2020. Vos follows IFRS and had net income of $160,000 during 2020. For the purpose of this question, ignore any dividend entitlement to the preferred shareholders.

The company declared a property dividend on April 1. Each common shareholder was to receive one share of Waterloo Corp. for every 10 shares outstanding. Vos had 7,800 shares of Waterloo (2% of the outstanding shares), and had purchased them in 2015 for $68,016. The shares are accounted for using the FV-OCI model. The accumulated other comprehensive income relates only to these shares. The fair value of the Waterloo shares was $15 per share on April 1. The property dividend was distributed on April 21 when the fair value of the Waterloo shares was $18.00. The Waterloo shares remained at a fair value of $18.00 until year end. Prepare the journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. Do not round intermediate calculations.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 1
	(To record fair value adjustment)
Apr. 1
	(To record declaration of property dividend)
Apr. 1
	(To reclassify holding gain)
Apr. 21

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List of Accounts

On July 1, the company declared a 4% stock dividend at the fair value of the shares to the remaining common shareholders. The stock dividend was distributed July 22. Prepare the journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
July 1
July 22

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List of Accounts

A shareholder, in an effort to persuade Vos to expand into her city, donated to the company a plot of land with an appraised value of $40,000. Prepare the journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

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List of Accounts

Prepare the shareholders equity section of Voss SFP at December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. Do not round intermediate calculations.)

Vos Limited Shareholders Equity December 31, 2020
Total Share CapitalTotal Shareholders EquityTotal Paid-in CapitalShare Capital:
		$
Total Shareholders EquityTotal Share CapitalShare CapitalTotal Paid-in Capital
Total Shareholders EquityShare CapitalTotal Paid-in CapitalTotal Share Capital
Total Paid-in CapitalTotal Shareholders EquityShare CapitalTotal Share Capital		$