Rainy Day Umbrella Corporation had the following balances at December 31, 2013 (all amounts in thousands): preferred shares $2,006; common shares $5,291; contributed surplus 52,225; retained earnings $ 13,692; and accumulated other comprehensive income 51,526. During the year ended December 31, 2014, the company earned net income of $4,352,000, generated an unrealized holding gain on fair value through OCI investments of 5348,000, sold common shares of 5170,000, and paid out dividends of $23,000 and $7,000 to preferred and common shareholders, respectively. The company accounts for its investments in accordance with IAS 39.
Prepare a statement of changes in equity for the year ended December 31, 2014, as well as the shareholders' equity section of the Rainy Day Umbrella Corporation balance sheet as at December 31, 2014.

  • CreatedSeptember 18, 2015
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