Strict Fitness Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. Preferred Shares, $ 5 cumulative, unlimited number authorized, 5,500 issued Common Shares, unlimited number authorized, 160,000 issued Retained Earnings Accumulated Other Comprehensive Income $ 550,000 1,220,000 2,215,000 52,000 Strict Fitness Ltd. had the following transactions during 2021: Jan 31 Issued 40,000 common shares at $ 8.50 per share. Feb 28 Issued 1,000 preferred shares at $ 110 per share. Mar 31 Reacquired 20,000 Common Shares at $ 10 a share. Jun 1 Declared a 10% stock dividend on the common shares outstanding on June 1, to be distributed on June 30 to the shareholder of record on June 1. The fair value of the common shares on June 1 is $ 12 per share. Aug 31 Issued 25,000 common shares at $ 13 per share. The company reported net income of $ 520,000 and comprehensive income of $ 592,000 for 2021. Required: (Do not use commas when entering answers, use negative sign (-) for negative numbers) c) Calculate Strict Fitness' 2021 earnings per share. (Hint: weighted average number of common shares outstanding has been correctly computed at 208,167 shares) c) Calculate Strict Fitness' 2021 earnings per share. (Hint: weighted average number of common shares outstanding has been correctly computed at 208,167 shares) a) Record all of the transactions. Jan 31 Cash 340000 Common Shares 340000 Feb 28 Cash 110000 Preferred Shares 110000 Mar 31 Common Shares Jun 1 LLLL Jun 30 Aug 31 b) Prepare the Statement of Changes in Shareholders' Equity. STRICT FITNESS LTD. Statement of Changes in Shareholder's Equity Year Ended December 31, 2021 Preferred Shares Accumulated Other Comprehensive Income Common Shares Retained Earnings Total $ $ $ $ Balance, January 1 Issuance of shares Reacquisition of shares Stock dividends Comprehensive income Balance, December 31 $ $ $ c) Calculate Strict Fitness' 2021 earnings per share. (Hint: weighted average number of common shares outstanding has been correctly computed at 208,167 shares) Cumulative dividend entitled by preferred shareholders = $ Earnings available to common shareholders = $ Weighted average number of common shares outstanding = 208,167 2021 EPS = $ = $ per share (round to the nearest cent) Please answer all parts of the