Preferred Common

Number of Number of
Share Capital Share Capital
Shares Shares
Balance January 1, 2020 290,000 $ 2,800,000.00 1,000,000 $ 24,000,000.00
Issued Preferred Shares 23,000 $ 222,068.97
Issued Common Shares 45,000 $ 1,080,000.00
2 for 1 stock split 1,045,000
Reacquired Common Shares - 23,000 $ -276,000.00
Declared Dividends - Preferred
Declared Dividends - Common
Net Income
Other Comprehensive Income
Balance December 31, 2020 313,000 $ 3,022,068.97 2,067,000.00 $ 24,804,000.00
 Acc. Other
Contrib. Surplus - Contrib. Surplus - Retained
Comprehensive Total
Preferred Common Earnings
Income
$ 100,000.00 $ 1,000,000.00 $ 4,500,000.00 $ 150,000.00 $ 32,550,000.00
$ 306,931.03 $ 529,000.00
$ -270,000.00 $ 810,000.00

$ -23,000.00 $ -299,000.00
$ -1,252,000.00 $ -1,252,000.00
$ -826,800.00 $ -826,800.00
$ 2,000,000.00 $ 2,000,000.00
$ 1,950,000.00 $ 1,950,000.00
$ 406,931.03 $ 707,000.00 $ 4,421,200.00 $ 2,100,000.00 $ 35,461,200.00
 Martinez Limited
Shareholder's Equity
As of December 31, 2020

Preferred Stock
Preferred Shares, 313,000 shares issued(authorized, 1,000,000 shares) $ 3,022,068.97
Contribution Surplus - Preferred $ 406,931.03
Total $ 3,429,000.00

Common Stock
Common Shares, 2,067,000 shares (authorized, unlimited) $ 24,804,000.00
Contributed Surplus - Common $ 707,000.00
Total $ 25,511,000.00

Retained Earnings $ 4,421,200.00

Accummulated Other Comprehensive Incom $ 2,100,000.00

Total Shareholder's Equity $ 35,461,200.00

Common Shares $ 276,000
Contribution Surplus $ 23,000
Cash $ 299,000
To record the repurchase and retirement of 23,000 common shares for $13 per share

Common Shares $ 552,000

Contribution Surplus $ 253,000
Cash $ 299,000
To record the repurchase and retirement of 23,000 common shares for $13 per share