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Assignment on statement of changes in equity: (6 points) /a part of first exam Student name: 300000 100000 800000 100000 On January 1, 2020, Chamblin AG had the following equity balances. Share Capital - Ordinary 150,000( shares issued) Share Premium-Ordinary Retained Earnings treasury shares( 20,000) ordinary shares) During 2020, the following transactions and events occurred. 1. Issued 25,000 additional ordinary shares to attorneys in payment of a bill for 125000 2. Purchased 6,000 ordinary shares for the treasury at $5 per share. 3. Declared and paid a cash dividend of $ 0.5 per share to outstanding shares 4. Sold 10,000 treasury shares for cash at $6 per share. 5. declared AND issued 10% share dividends when the share price was $ 6 6. Earned net income of $200,000 Instructions Prepare a statement of changes in equity for the year? (6 points) Answer: 1. Statement of changes in equity: SCO SP,O SP,T RE TS TOTAL Beg balances 1/1 Ending balances