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*Additional Problem 6 Presented below is information which relates to Cullumber Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2017. Net income $415,000 Retained earnings, January 1, 2017 824,000 Cash dividends declared on common shares 37,000 Correction of calculation error depreciation understatement in 2013 (pre-tax) 462,000 Gain from foreign currency transactions (net of tax) 239,000 Proceeds from issuance of Cullumber common shares 59,000 Accumulated other comprehensive income, January 1, 2017 18,000 On January 1, 2017, Cullumber had 22,400 common shares outstanding with a capital balance of $560,000. During the year, Cullumber Company issued an additional 3,000 common shares. Prepare in good form a statement of changes in equity for 2017. The tax rate is 30%. (Enter expenses and losses using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Cullumber Company Statement of Shareholders' Equity Common Shares Accumulated Other Number Common Shares Retained Earnings Comprehensive Income Total $ $ $ $ $ $ $ Question Attempts: 0 of 5 used