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 3.322 200 Contributed surplus-reacquisition of common shares 14,600 Retained earnings 7.100.000 Accumulated other comprehensive income (439.000) 1 During 2021. there were the following transactions related to shares 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 On June 1, 2021. Grant's board of directors declared the semi-annual dividend to the preferred shareholders to 2 shareholders of record on June 15, payable June 30, 3 The semi-annual dividend to the preferred shareholders is paid on the appropriate date. On September 16, 2021, reacquired 45,000 common shares for $155.000 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 16, 2021, both payable January 20, 2022. The market price of the common shares at December 15, 2021 was $4.00 per share Reported proht of $1.450,000 for the year. 4 6 Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, eg. 5.27 and final answers to decimal places, e3.5,276) Date Average Per Share Amount # Shares Transaction Beginning balance Proceeds Jan 1 1100000 $ 3322200 3.02 May 15 Issued shares 90000 295400 Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, 28. 5.27 and final answers to decimal places, es. 5,276) Average Per Share Amount # Shares Proceeds Date 3322200 3.02 1100000 Jan 1 Transaction Beginning balance Issued shares 90000 295400 May. 15 3617600 3.04 Sub-total 1190000 -45000 -155000 Sep. 16 Reacquisition 1145000 3462600 4 Dec 15 458000 114500 Stock dividend $ $ 3923600 1259500 3.12 Balance Dec. 31 eTextbook and Media List of Accounts Record any necessary journal entries for the transactions in 2021. Ignore any closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Account Titles and Explanation Debit Credit Date 2021 Jan 20 Question 4 of 4 - 725 III Record any necessary journal entries for the transactions in 2021. Ignore any closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Account Titles and Explanation Debit Date 2021 Credit Jan 20 > May 15 > > Sept. 16 ( > v > > (To record declaration of cash dividend) > > (To record declaration of stock dividend) 2022 > (To record payment of dividend) List of Accounts Prepare the statement of changes in shareholders equity for the year ended December 31, 2021 GRANT CONSTRI Statement of Changes in Year ended Decem Stock Dividend Distributable Preferred Shares Common Shares Balance, January 1 Issued for equipment Reacquired shares Stock Dividend Cash dividends Comprehensive income Balance, December 31 $ e Textbook and Media List of Accounts Save for later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% nr.redirtinn after attemnt Prepare the statement of changes in shareholders' equity for the year ended December 31, 2021 ISTRUCTION LTD es in Shareholders'Equity ecember 31, 2021 Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accumulated Other Comprehensive Income (Loss) Total $ $ e Textbook and Media List of Accounts 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 3.322 200 Contributed surplus-reacquisition of common shares 14,600 Retained earnings 7.100.000 Accumulated other comprehensive income (439.000) 1 During 2021. there were the following transactions related to shares 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 On June 1, 2021. Grant's board of directors declared the semi-annual dividend to the preferred shareholders to 2 shareholders of record on June 15, payable June 30, 3 The semi-annual dividend to the preferred shareholders is paid on the appropriate date. On September 16, 2021, reacquired 45,000 common shares for $155.000 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 16, 2021, both payable January 20, 2022. The market price of the common shares at December 15, 2021 was $4.00 per share Reported proht of $1.450,000 for the year. 4 6 Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, eg. 5.27 and final answers to decimal places, e3.5,276) Date Average Per Share Amount # Shares Transaction Beginning balance Proceeds Jan 1 1100000 $ 3322200 3.02 May 15 Issued shares 90000 295400 Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round the average per share to 2 decimal places, 28. 5.27 and final answers to decimal places, es. 5,276) Average Per Share Amount # Shares Proceeds Date 3322200 3.02 1100000 Jan 1 Transaction Beginning balance Issued shares 90000 295400 May. 15 3617600 3.04 Sub-total 1190000 -45000 -155000 Sep. 16 Reacquisition 1145000 3462600 4 Dec 15 458000 114500 Stock dividend $ $ 3923600 1259500 3.12 Balance Dec. 31 eTextbook and Media List of Accounts Record any necessary journal entries for the transactions in 2021. Ignore any closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Account Titles and Explanation Debit Credit Date 2021 Jan 20 Question 4 of 4 - 725 III Record any necessary journal entries for the transactions in 2021. Ignore any closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Account Titles and Explanation Debit Date 2021 Credit Jan 20 > May 15 > > Sept. 16 ( > v > > (To record declaration of cash dividend) > > (To record declaration of stock dividend) 2022 > (To record payment of dividend) List of Accounts Prepare the statement of changes in shareholders equity for the year ended December 31, 2021 GRANT CONSTRI Statement of Changes in Year ended Decem Stock Dividend Distributable Preferred Shares Common Shares Balance, January 1 Issued for equipment Reacquired shares Stock Dividend Cash dividends Comprehensive income Balance, December 31 $ e Textbook and Media List of Accounts Save for later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% nr.redirtinn after attemnt Prepare the statement of changes in shareholders' equity for the year ended December 31, 2021 ISTRUCTION LTD es in Shareholders'Equity ecember 31, 2021 Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accumulated Other Comprehensive Income (Loss) Total $ $ e Textbook and Media List of Accounts