The following shareholders' equity accounts are reported by Ivanhoe Inc. on January Common shares (unlimited authorized, 160,000 issued) Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5,400 issued) Contributed surplusreacquisition of common shares Retained earnings The following selected transactions occurred during the year: 405,000 30,800 Feb. Mar. June July Sept. Oct. Dec. 11 2 14 25 16 27 13 Issued 52,000 common shares at $21 per share. Reacquired 19,900 common shares at $23 per share. Split the common shares 2 for 1 when the common shares were trading at $31 per share. Reacquired 420 preferred shares at $69 per share. Reacquired 52,000 common shares for $17 per share. Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $20 per share. Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share.