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 $550,000 1,220,000 2,215,000 Accumulated Other Comprehensive Income 52,000 Strict Fitness Ltd. had the following transactions during 2021: Retained Earnings 31-Jan Issued 40,000 common shares at $ 8.50 per share. 28-Feb Issued 1,000 preferred shares at $ 110 per share. 31-Mar Reacquired 20,000 Common Shares at $ 10 a share. 01-Jun 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. 31-Aug 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. Instructions A) Record all of the transactions. B) Prepare the Statement of Changes in Shareholders' Equity. C) Calculate Strict Fitness' 2021 earnings per share. (Hint: weighted average number of common shares outstanding has been correctly computed at 208,167 shares)