Hannam Co$.$ decided to change from the declining$-$balance method of depreciation to the straight$-$line method effective $1$ January $\backslash (20\backslash$times $7\backslash ).$ The following information was provided:

$*$First year of operations.

The company has a $31$ December year$-$end. The tax rate is $\backslash (20\backslash \%\backslash ).$ No dividends were declared until $20$X$7$; $\backslash (\backslash$$ $13,800\backslash )$ of dividends were declared and paid in December $20$X$7.$ Income for $20$X$7,$ calculated using the new accounting policy, was $\backslash$$$72,600.$

Required:

Assuming that the change in policy was implemented retrospectively, present the retained earnings reconciliation that would appear in Hannam's $20$X$7$ statement of changes in equity. $($Negative amounts should be indicated by a minus sign.$)$