Required: Prepare a statement of changes in equity for the year ended Dec. 31, 2021

PERFECT NA Company reported the following amounts In the shareholders' equity section of its December 31, 2011 statement of financial position: Preference sh ares, 8%, P10 par 10,000 shares authorized, 2,000 shares issued} 200,000 Ordinary shares. P5 par 1 100,000 shares authorized 20,000 shares issuedi 100,000 Share premium 125,000 Retained earnings 450,000 Total N The following transactions occurred during 2012: 1. Paid the annual 2011 P8 per share dividend on preference shares and P2 per share dividend on ordinary shares. These dividends had been declared on December 31, 2011. 2. Purchased 2,700 shares of its own outstanding shares for P40 per share. They use cost method. 3. Reissued 700 treasury shares for equipment valued at P30,000. 4. Issued 500 preference shares at P105 per share. 5. Declared a 10% stock dividend on the outstanding ordinary shares when the shares were selling for P415 per share. 6. Issued the stock dividend. 7. Declared the annual 2012 P8 per share dividend on preference shares and P2 per share dividend on ordinary' shares. These dividends are pavable in 2013. 8. Appropriated retained earnings for plant expansion, P300,000. 9. Appropriated retained earnings for treasury services. 10. The net income for 2012 was P3305000