Trainsign Ltd has an authorised capital of £500,000, consisting of 350,000 ordinary shares of £1 each and 150,000 7 per cent preference shares of £1 each. Of these, 260,000 ordinary shares and 90,000 preference shares had been issued when the company first started trading. The following information is available: l The company has a financial year end of 31 December. The first three years of business resulted in net profit as follows: 2011 £62,400; 2012 £81,900; 2013 £114,190. l Dividends were paid each year on the preference shares. Dividends on the ordinary shares were proposed as follows: 2011 6 per cent; 2012 8 per cent; 2013 12 per cent. l Transfers to reserves were: general reserve 2011 £10,000, 2012 £18,000, and foreign exchange reserve 2013 £15,000. You are to show the statement of changes in equity for each of the years 2011, 2012 and 2013.