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

Common shares (unlimited authorized, 132,500 issued)		$1,855,000
Preferred shares ($4 cumulative, convertible, 100,000 authorized, 4,300 issued)		322,500
Contributed surplusreacquisition of common shares		28,600
Retained earnings		1,253,000

The following selected transactions occurred during the year:

Feb.		11		Issued 46,500 common shares at $19 per share.
Mar.		2		Reacquired 18,800 common shares at $21 per share.
June		14		Split the common shares 2 for 1 when the common shares were trading at $29 per share.
July		25		Reacquired 310 preferred shares at $58 per share.
Sept.		16		Reacquired 46,500 common shares for $18 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 $21 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 share.

a) Prepare journal entries for the transactions.

b) Show how each class of shares will be presented in the shareholders equity section of the balance sheet at December 31.