Kalios Corp. reported the following shareholders’ equity information for the year ended October 31, 2019:

Common shares, 400,000 shares authorized, 140,000 shares
issued and outstanding ..................................................................... $1,400,000
Retained earnings .................................................................................... 672,000
Total shareholders’ equity .................................................................. $2,072,000

During 2020, Kalios Corp. completed these transactions and events:

Mar. 6 Declared and issued a 10 percent stock dividend. At the time, their common shares were quoted at a market price of $11.50 per share.

May. 12 Sold 1,000 common shares for $12.50 per share.

Aug. 22 Sold 1,000 common shares to employees at $10.00 per share.

Oct. 15 Declared cash dividends of $140,000

Oct. 31 Paid cash dividends declared on October 15.

Oct. 31 Net income for the year was $397,500.

Required

Prepare Kalios Corp.’s statement of shareholders’ equity for 2020.