The following information relating to Country Cottages Ltd has been obtained from balance sheet as at 30 June 2025.

In addition to the above, it is noted that during the year ended 30 June 2025:
1. 100 000 shares were issued at \($1.8\) per share 2. comprehensive income after taxation was \($631\) 000 3. an interim dividend of \($128\) 000 was paid together with a final dividend of \($175\) 000 4. \($85\) 000 was transferred from the retained earnings account to the general reserve.
Required

(a) Prepare a statement of changes in equity for Country Cottages Ltd for the reporting period ended 30 June 2025.

Transcribed Image Text:

Share capital General reserve Retained earnings $ 1600 000 492 000 880 000