The following shareholders' equity accounts are reported by Blossom Inc. on January 1: Common shares (unlimited authorized, 151,500 issued) Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5, 100 issued) Contributed surplus-reacquisition of common shares Retained earnings $2,575,500 382,500 30,200 1,261,000

The following shareholders' equity accounts are reported by Blossom Inc. on January 1: Common shares (unlimited authorized, 151,500 issued) Preferred shares ( $4 cumulative, convertible, 100,000 authorized, 5,100 issued) $2,575,500 Contributed surplus-reacquisition of common shares 382,500 Retained earnings 30,200 1,261,000 The following selected transactions occurred during the year: Feb, 11 Issued 50,500 common stares at $21 per share. Mar. 2 Reacquired 19,600 common shares at $23 per share. June 14 Split the common shares 2 for 1 whien the common shares were trading at 531 per share. July 25 Reacquired 390 preferred shares at 570 per share. Sept 16 Reacquired 50,500 common shares for $18 per share. Oct. 27 Declared a 5% common stock dividend distributable on December 13 to shareholders of record en November 24 , The fair value of the comtinunaharer on Okfobe 27 was S20 per share. Dec. 13 Distributed the stock dividend deciared on October 27 . The fair value of the common shans on Decemeer 13 was 522 perahure The following shareholders' equity accounts are reported by Blossom Inc. on January 1 : Common shares (unlimited authorized, 151,500 issued) Preferred shares ( $4 cumulative, convertible, 100,000 authorized, 5,100 issued) Contributed surplus-reacquisition of common shares Retained earnings $2,575,500 382,500 30,200 1,261,000 The followingselected transactionf occurred during the year: Feb. 11 Issued 50,500 common shares at $21 per share. Mar. 2 Reacquired 19,600 common shares at $23 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $31 jer share. July 25 Reacquired 390 preferred shares at 570 per share. Sept. 16 Reacquired 50,500 common shares for 318 per share. Oct. 27 Deciared a 5% common stock dividend distributable on December 13 to shareholders of record on Norvmber 24 . The fair value of the conanon iharen in Octaee 27 was $20 per share. Dec. 13 Distributed the stock dividend declared on October 27, The fair value of the common shares on December 13 was $22 per shue. Date Account Titles Debit Credit