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The Atlantic Refinery Corp. (ARC) is a public company headquartered in St. John's. Newfoundland, On 31 December 20X5, the postclosing trial bolance included the following accounts (in thousands of Canadian dollars): The following transactions and events occurred during 206 : a. Net income amounted to $47 mililion. b. The value of trademarks was written off after ARC lost a patent protection lawsuit. c. An additional $1.5 million of convertible bonds was transferred from the debt portion to the equity portion. d. An accounting policy was changed due to a new IFRS taking effect in 20X6; the effect of retrospective restatement was to reduce prior years' earnings by an aggregate amount of $31 million. e. The future liability for site restoration was increased by $5 million. The following transactions and events occurred during 20X6: a. Net income amounted to $47 million. b. The volue of trademarks was written off after ARC lost a patent protection lawsult. c. An additional $1.5 million of convertible bonds was transferred from the debt portion to the equity portion. d. An accounting policy was changed due to a new IFRS taking effect in 20X6; the effect of retrospective restatement was to reduce prior years' earnings by an aggregate amount of $31 million. e. The future liability for site restoration was increased by $5 million. f. Common shares with a stated value of $15 million were repurchosed on the open morket for $20 million and cancelled. The issue price of the shares amounted to $18 million, of which $3 million hod been credited to contributed surplus. g. A new class of preferred shares was issued to a mojor public sector pension plan for $85 million to finance future development. h. Dividends totalling $24 million were issued during the year, Of that amount, \$6 million were deciared on 24 December 206. payable to shareholders of record on January 15,207. 1. The translated amount of ARC's investment in Mongolian subsidiary declined by $2 million due to a rise in the value of the Canadian dollar. Required: Prepare a statement of changes in equity for Atlantic Refinery Corp. for the year ended 31 December 20X6. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) Prepare a statement of changes in equity for Atlantic Refinery Corp. for the year ended 31 December 20X6. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.)