b$)$ Prepare a statement of changes in equity for the year ended June $30,2020.$ Please make sure your final answer$($s$)$ are accurate to the nearest whole number.

Can you please help me get the formulas for all of the questions in the tables. I have trouble understanding how to get the answers for all of these.

Marking:

Your answer was: $$552,700$

The correct answer was: $$587,090$

Net income loss Additional information:

The company is publically traded and follows IFRS and its income tax rate is $30\%.$ On June $30,2020,$ the number of common shares outstanding was $110,000$ and there were no changes to common shares during the fiscal year. The ending balance for preferred shares of $$28,800$ includes issuing $1,100$ preferred shares at $$8$ per share in the current year. The market price per common share on the reporting date was $$26\mathrm{.}62.$

Question $10[30$ points$]$

The following account balances were included in the adjusted trial balance of JenCo at June $30,2020.$ All accounts have normal balances:

Additional information:

a$)$ Calculate the net income $($loss$)$ for the year ended June $30,2020.$ Please make sure your final answer$($s$)$ are accurate to the nearest whole number.

Net income $($loss$)=$$$552,700$

Marking:

Your answer was: $$552,700$

The correct answer was: $$587,090$

Net income loss