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Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2019, it had an unlimited number of common shares authorized and 5,900,000 shares issued at an average value of $28 per share. As well, there were 5,700,000 preferred shares authorized, with 285,000 of them issued at $15 per share. The balance in retained earnings was $26,670,000. The balance in accumulated other comprehensive income was $537,000. The preferred shares pay an annual dividend of $2 per share. During 2020, the following transactions affected shareholders equity:

1.		In total, 250,000 new common shares were issued at $33 per share.
2.		The preferred dividend for the year was declared and paid.
3.		A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration.
4.		In early December 2020, a dividend of $1.50 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year.
5.		The company earned a net income of $14,870,000 and had an other comprehensive loss of $160,000.
6.		On December 31, 2020, the company declared a two-for-one stock split on common shares.

Prepare the statement of changes in shareholders equity for 2020 and the shareholders equity section of the statement of financial position as at the end of 2020. (Hint: The statement of changes in shareholders equity will be similar to the table from part a but similar transactions, such as dividends, will be grouped into one line.) (If an amount reduces the account balance then enter with negative sign, e.g. -15,000 or in parenthesis, e.g. (15,000).)

Date	Number of Common Shares	Common Shares	Number of Preferred Shares	Preferred Shares	Retained Earnings	Accumulated other Comprehensive income	Total
Dec. 31, 2019
Common shares issued
Cash dividends
Stock dividend - common shares
Net income
Other comprehensive loss
Stock split on common shares
Dec. 31, 2020

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