Grant Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1, 2021, the first day of its fiscal year. $0.50-noncumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued 1,100,000 Common shares, unlimited number of shares authorized, 1,100,000 shares issued 3,410,200 14,000 Contributed surplus-reacquisition of common shares 7,250,000 Retained earnings (444,000) Accumulated other comprehensive income During 2021, there were the following transactions related to shares. 1. On May 15, 2021, Grant purchased a Caterpillar bulldozer in exchange for 90,000 common shares with a market value of $ 3.15 per share. The fair value of the bulldozer was $295,400. 2. On June 1, 2021, Grant's board of directors declared the semi-annual dividend to the preferred shareholders to shareholders of record on June 15, payable June 30. 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16, 2021, reacquired 40,000 common shares for $ 139.250 cash. 5. On December 15, 2021, Grant's board of directors declared the second semi-annual dividend to the preferred shareholders payable December 30, 2021 and a 10% stock dividend to the common shareholders for shareholders of record on December Grant Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1, 2021, the first day of its fiscal year. $0.50-noncumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued 1,100,000 Common shares, unlimited number of shares authorized, 1,100,000 shares issued 3,410,200 14,000 Contributed surplus-reacquisition of common shares 7,250,000 Retained earnings (444,000) Accumulated other comprehensive income During 2021, there were the following transactions related to shares. 1. On May 15, 2021, Grant purchased a Caterpillar bulldozer in exchange for 90,000 common shares with a market value of $ 3.15 per share. The fair value of the bulldozer was $295,400. 2. On June 1, 2021, Grant's board of directors declared the semi-annual dividend to the preferred shareholders to shareholders of record on June 15, payable June 30. 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16, 2021, reacquired 40,000 common shares for $ 139.250 cash. 5. On December 15, 2021, Grant's board of directors declared the second semi-annual dividend to the preferred shareholders payable December 30, 2021 and a 10% stock dividend to the common shareholders for shareholders of record on December