Question: Current Attempt in Progress Penny Worth Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021. Accumulated

its shareholders' equity accounts for the year ended December 31, 2021. Accumulated

Current Attempt in Progress Penny Worth Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2021. Accumulated other comprehensive income: Retained earnings: Balance, Jan. 1 $93,000 Balance, Jan. 1 $1,432,000 Other comprehensive income (23.000) Net income 388,000 Balance, Dec. 31 $70,000 Dividends declared (68,000 ) Contributed surplus: Balance, Dec. 31 $1,752,000 Balance, Jan. 1 $488,000 Common shares: Common shares repurchased (36,000 ) Balance, Jan. 1 $781,000 Balance, Dec. 31 $452,000 Shares issued 193,000 Shares repurchased (180,000 ) Balance, Dec. 31 $794,000

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