1 Statement of Changes in Equity (13) G H Presented below is information which relates to Sunland Company, a Canadian public corporation traded on the Toronto Stock 2 Exchange, for 2020. 3 4 Net income $435.000 5 Retained earnings, January 1, 2020 810,000 6 Cash dividends declared on common shares 33,000 7 Correction of calculation error depreciation 471,000 8 Gain on FV-OCI investments (net of tax) 209,000 Proceeds from issuance of Sunland common 65,000 9 shares 10 Accumulated other comprehensive income, 18,000 January 1, 2020 11 On January 1, 2020, Sunland had 22.000 common shares outstanding with a capital balance of $550,000. During the year, 2 Sunland Company issued an additional 2,000 common shares. 3 4 Instructions: Prepare in good form a statement of changes in shareholders equity for the year ended December 31, 2020. Sunland's 5 income tax rate is 20%. 5 Sunland Comany B D E F G H 14 Instructions: Prepare in good form a statement of changes in shareholders equity for the year ended December 31, 2020. Sunland's 15 income tax rate is 20%. Sunland Company Statement of Changes in Equity As at December 31, 2020 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 SOCE (V3) New