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

Common shares (unlimited authorized, 165,000 issued)		$2,640,000
Preferred shares ($4 cumulative, convertible, 100,000 authorized, 6,000 issued)		450,000
Contributed surplusreacquisition of common shares		32,000
Retained earnings		1,270,000

The following selected transactions occurred during the year:

Feb.		11		Issued 55,000 common shares at $20 per share.
Mar.		2		Reacquired 20,500 common shares at $22 per share.
June		14		Split the common shares 2 for 1 when the common shares were trading at $30 per share.
July		25		Reacquired 480 preferred shares at $70 per share.
Sept.		16		Reacquired 55,000 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 $19 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.

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

Sandhill Inc. Partial Balance Sheet choose the accounting period December 31Month Ended December 31Year Ended December 31
select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentShare CapitalShareholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Shareholders' EquityTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal Property, Plant, and EquipmentTotal Share CapitalTotal Shareholders' Equity
select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentShare CapitalShareholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Shareholders' EquityTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal Property, Plant, and EquipmentTotal Share CapitalTotal Shareholders' Equity
enter a balance sheet item					$enter a dollar amount
enter a balance sheet item					enter a dollar amount