Selected information regarding the accounts of Infinity Minerals Corp. follows:

Common shares, unlimited authorized, 50,000 shares
issued and outstanding, December 31, 2019 ................................................. $1,074,000
Common dividends declared and paid during 2020 .......................................... 120,000
Cumulative eff ect of change in accounting estimate (net of $7,200 tax) ........ (33,600)
Profi t for the year ended December 31, 2020 .................................................... 342,000
Preferred dividends declared and paid during 2020 ............................................ 72,000
Preferred shares, $4.80 non-cumulative, 15,000 shares
authorized, issued, and outstanding, December 31, 2019 ................................. 450,000
Retained earnings, December 31, 2019 (as originally reported) ........................ 588,000

Prepare a statement of changes in equity for the year ended December 31, 2020, assuming 7,000 common shares were issued during 2020 at an average price of $21.84 per share and that no preferred shares were issued in 2020.