A company's common share account showed the following transactions for 20x3: Date Jan 1 Description Opening balance, 20,000 shares Balance $220,000 Dr. Cr. Mar 1 Issue 5,000 shares* 60,000 280,000 Jun 1 Issue 2,300 shares for cash 25,000 305,000 Sept 1 Repurchase 4,000 shares @ $18 72,000 233,000 * The shares issued on March 1 were for the purchase of land appraised at $65,000 as of the date of the offer on Feb 28. The shares were trading at $12 per share on March 1, the date of closing (i.e. the date the land was acquired). The December 31, 20x3 unadjusted trial balance shows a balance of zero in the Contributed Surplus – Common Share Repurchases account. Required – Prepare any adjusting journal entries required at December 31, 20x3.

What information is provided by this statement?  Describe the steps to create the statement - choose either the direct or indirect method in your response.

Please provide the introductory part and answer for question D.