Peninsula Supply Corporation provided the following schedule detailing the changes in the shareholders? equity accounts during 2020 and 2021. Determine the missing amounts.

Transcribed Image Text:

2021 2020 Number of Number of Shares Amount Shares Amount Common shares, unlimited authorized $ (b) Balance, January 1 Issued shares for cash Reacquired shares Balance, December 31 $600,000 500,000 50,000 500,000 32,500 (25,000) (c) (a) 603,750 600,000 500,000 Contributed surplus-reacquisition of common shares Balance, January 1 Reacquired common shares Balance, December 31 15,000 15,000 8,000 (d) 15,000 Retained earnings Balance, January 1 Profit (loss) 179,500 190,000 (h) (30,000) 22,500 Common dividends–Cash (e) Balance, December 31 181,000 179,500 Accumulated other comprehensive income Balance, January 1 Other comprehensive income (loss) (1) 51,000 (3,000) (f) Balance, December 31 68,000 51,000 Shareholders' equity, December 31 (1) (3)