Cullumber Shop Ltd$.$ is a mid$-$sized public company that had been in operation for many years. On December $31,2023,$ it had an unlimited number of common shares authorized and $5\mathrm{.}8$ million shares issued at

an average value of $$28$ per share. As well, there were $5\mathrm{.}6$ million preferred shares authorized, with $280,000$ of them issued at $$19$ per share. The balance in retained earnings was $$26,690,000.$ The balance in

accumulated other comprehensive income was $$539,000.$ The preferred shares pay an annual dividend of $$2$ per share. During $2024,$ the following transactions affected shareholders' equity:

$2.$

$3.$

$5.$

In total, $230,000$ new common shares were issued at $$33$ per share.

The preferred dividend for the year was declared and paid.

A $10\%$ common stock dividend was declared when the market price was $$33$ per share. The shares were distributed one month after the declaration.

In early December $2024,$ a dividend of $$1\mathrm{.}40$ per share was declared on the common shares. The date of record was December $15,2024.$ The dividend was to be paid the following year

The company earned net income of $$14\mathrm{.}800\mathrm{.}000$ and had an other comprehensive loss of $$140\mathrm{.}000.$

On December $31,2024,$ the company declared a two$-$for$-$one stock split on common shares.