Prepare a statement of changes in shareholders' equity at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN CORPORATION Statement of Changes in Shareholders' Equity December 31, 2021 Common Shares Contributed Surplus- Reacquisition of Common Shares $ 599000 Retained Earnings Con Ince Balance, January 1 $ 775000 $ 1590000 $ Issued for cash i Reacquired shares Dividends Comprehensive income Balance, December 31 Me $ $ $ - Prepare a statement of changes in shareholders' equity at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) intributed Surplus- acquisition of mmon Shares Retained Earnings $ Accumulated Other Comprehensive Income (Loss) $ 20000 Total 5 599000 $ 1590000 $ i i i ME 5 $ $ $ List of Accounts X Your answer is incorrect. Calculate the number of shares issued as at December 31, 2021. Number of shares List of Accounts Sheridan Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of common shares Retained earnings Common shares (31,000 shares) $(20,000) 599,000 1,590,000 775,000 Sheridan had the following transactions and events during 2021: Feb. 2 Apr. 17 Oct. 29 Dec. 31 Repurchased 900 shares for $42,300. Declared and paid cash dividends of $78,000. Issued 2,900 shares for $94,000 cash. Reported comprehensive income of $406,000, which included other comprehensive income of $38,000. Your answer is partially correct. Prepare journal entries to record the transactions that took place during 2021. (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 O for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Feb. 2 Account Titles and Explanation Common Shares . Contributed Surplus - Reacquisition of Common Shares Cash 42300 (To record reacquisition of common shares.) Cash Dividends - Common Apr. 17 78000 Cash 78000 (Declared and paid a cash dividend.) Cash Oct. 29 94000 Common Shares 94000 (Issued common shares for cash.)