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West Co Ltd reported the following statement of shareholders equity for the year ended 31 December 2021: Common Share Capital Preferred Share Capital Other Contributed

West Co Ltd reported the following statement of shareholders equity for the year ended 31 December 2021:

Common Share Capital

Preferred Share Capital

Other Contributed Capital (All Sources)

Retained Earnings

Reserve re: Unrealized Gains, Investments

Balance, January 1, 20X7

$

5,992

$

3,500

1,202

775

$

48

Issuance of common shares for cash

7,650

Retirement of common shares

(1,005)

(356)

Costs associated with equity issue

(124)

Stock dividend

247

(247)

Comprehensive income

1,980

13

Retirement of preferred shares

(630)

(116)

(35)

Balance, 31 December 20X7

$

12,884

$

2,870

$

730

$

2,439

$

61

Required:

  1. Earnings were $1,980. How much is comprehensive income?

  1. What amount was paid to retire common shares during the year?

3-a. What amount was paid to retire preferred shares during the period?

3-b. What amount should be deduction from contributed capital?

3-c. What amount should be deduction from retained earnings?

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