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Surved Selected information regarding the accounts of Infinity Minerals Corp. follows: Common shares, unlimited authorized, 70,000 shares issued and outstanding, December 31, 2019 $1,994,000 Conmon dividends declared and paid during 2020 140,000 Cumulative effect of change in accounting estimate (net of $7,200 tax) (35,600) Profit for the year ended December 31, 2020 362,000 Preferred dividends declared and paid during 2020 115,600 Preferred shares, $6.8% non-cumulative, 17,000 shares authorized, issued, and outstanding, December 31, 2019 470,000 Retained earnings, December 31, 2019 (as originally reported) 608, eee Prepare a statement of changes in equity for the year ended December 31, 2020, assuming 9,000 common shares 2020 at an average price of $23.84 per share and that no preferred shares were issued in 2020. (Negative answers indicated by a minus sign.) INFINITY MINERALS CORP. Statement of Changes in Equity For Year Ended December 31, 2020 Preferred Common Shares Shares Retained Earnings Total Equity Balance Vanuary Play HG of 16 NEKI Prepare a statement of changes in equity for the year ended December 31, 2020, assuming 9,000 common shares were iss 2020 at an average price of $23.84 per share and that no preferred shares were issued in 2020. (Negative answers shoulc indicated by a minus sign.) INFINITY MINERALS CORP. Statement of Changes in Equity For Year Ended December 31, 2020 Preferred Common Shares Shares Retained Earnings Total Equity Balance, January 1 0 $ 0 5 0 $ 0 $ Balance December 31 Brav Next 16 of 16 Address