Ol E-Learning Calendar Website Portal List Statement of Changes in Equity Time left 2:25:14 The following information relates to the Equity section of Bailey Lid, for the year ended 30 June 202T. 2021 2020 Share Capital 4 050 000 3 600 000 Asset Revaluation Surplus 680 000 400 000 General Reserve 700 000 600 000 Retained Earnings 850 000 900 000 6 280 000 5 500 000 Additional Information 1. Bailey issued 300 000 shares at $1.5 each during the year 2. Profit for the year was $350 000 3. Dividends paid during the year were $300 000 4. A transfer of $100 000 was made from Retained Earnings to General Reserve 5. Land was revalued by $400 000 during the year 6. Tax rate is 30% Required Prepare the statement of Changes in Equity for Bailey Ltd, for the year ended 30 June 2021, in accordance with AASB101. (10 marks)