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

15,400Retained earnings

7,250,000Accumulated other comprehensive income

(455,000)

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 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, bothpayable January 20, 2022. The market price of the common shares at December 15, 2021 was$4.00 per share.

6.

Reported profit of $1,450,000 for the year.

nment Prepare a schedule showing all transactions for the common shares and the calculation of the average per share amount of shares issued. (Round e.g. 5.27 and final answers to 0 decimal places, e.g. 5,276.) Average Per Share Date Transaction # Shares Proceeds Amount Jan. 1 Beginning balance 1,100,000 3,322,200 3.02 May. 15 Issued shares X 90000 283500 Sub-total X 1 190000 3605700 3.03 Sep. 16 Reacquisition -45,000 -155,000 -45,000 X X 1145000 3450700 3.01 Dec. 15 Stock dividend 114500 458000x Your answer is incorrect. Try again. Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, e.g. 52.76.) Earnings per share ratio x LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Assume instead that the preferred shares are noncumulative and that there were no dividends paid during the year. Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, e.g. 52.76.) Earnings per share