The sharehlders' equity accounts of Kanada Inc. at September 30,2016, new as follows:

Preferred shares, $5 noncumulative, unlimited number authorized, 6,000 issued $465,000

Common shares, unlimited number authorized, 25,000 issued 900,000

Retained earnings. 540,000

Accumulated other comprehensive income 95,000

Kanada has a 30% income tax rate. During the following fiscal year, ended September 30,2017, Kanada had the following transactions and events:

• Mar.14. Declared a 4% common stock dividend to shareholders of record at March 31, distributable on April 5. The fair value of the common shares was $35 per share on March 14, $37 on March 31, and $38 on April 5.
• Aug.1 Reacquired 2,000 common shares for $80,000.
• Aug.25. Announced a 2-for-1 common stock split. The market price of the common shares at the date of announcement was $62 per share.
• Aug.30. Determined that other comprehensive income for the year was $27,000 and profit was $325,000, both before income tax.
• Sept.25. Declared the annual dividend payable to the preferred shareholders of record on October 5, payable on October 31.

Instructions:

Make a statement of changes in shareholders' equity for the year ended September 30,2017. (Round per share amounts to the nearest cent)