Question: Current Attempt in Progress Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange, for

Current Attempt in Progress Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 $443,000 815,000 Cash dividends declared on common shares 36,000 Correction of calculation error depreciation understatement in 2019 (pre-taxd 473,000 Gain on FV-OCI investments (net of tax) 213.000 Proceeds from issuance of Sheridan common shares 60.000 Accumulated other comprehensive income, January 1.2023 15,500 On January 1, 2023. Sheridan had 22,000 common shares outstanding with a capital balance of $550,000. During the year. Sheridan Company issued an additional 2.000 common shares Prepare in good form a statement of shareholders equity for the year ended December 31, 2023 Sheridan's income tax rate is 20% TOTALE
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