Shareholders' Equity
Common Shares
Contributed Surplus-Reacquisition of Common Shares
Retained Earnings
Accumulated Other Comprehensive Income
Total
Balance, January 1
$600,000
$32,500
$179,500
$51,000
$863,000
Issued shares for cash
-
-
-
-
-
Reacquired common shares
(25,000)
(28,750)
-
-
(53,750)
Profit (loss) for the year
-
-
22,500
-
22,500
Common dividends-Cash
-
-
(21,000)
-
(21,000)
Other comprehensive income (loss) for the year
-
-
-
17,000
17,000
Balance, December 31
$575,000
$3,750
$181,000
$68,000
$827,750