Statement of Changes in Equity: Below is a partially completed statement of changes in equity for Torino Capital Limited (in thousands of \(\$\) ).

Required:
Complete the statement of changes in equity to reflect the transactions and events described.

Reserve for Foreign Fractional Exchange Gains Preferred Common Shares Shares Retained of Foreign Shares Outstanding Earnings Total Subsidiary Equity 3,000 7,400 240 6,780 451 17,871 Balance at 1 January 20X1 Comprehensive income, including earnings of $871 and foreign exchange on subsidiary, a gain of $39 Common shares issued for cash of $788 Preferred shares bought back; 10% of opening balance. bought back for cash; paid $85 more than average issue price Cash dividends to shareholders; $170 to preferred and $367 to common Fractional shares turned in for common (80% of fractional rights); remainder are still outstanding Balance at 31 December 20X1