The following shareholders' equity accounts are reported by Ivanhoe Inc. on January 1:

Common shares (unlimited authorized, 160,000 issued)		$2,560,000
Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5,400 issued)		405,000
Contributed surplusreacquisition of common shares		30,800
Retained earnings		1,264,000

The following selected transactions occurred during the year:

Feb.		11		Issued 52,000 common shares at $21 per share.
Mar.		2		Reacquired 19,900 common shares at $23 per share.
June		14		Split the common shares 2 for 1 when the common shares were trading at $31 per share.
July		25		Reacquired 420 preferred shares at $69 per share.
Sept.		16		Reacquired 52,000 common shares for $17 per share.
Oct.		27		Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 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 $21 per share.