Your answer is partially correct.

Prepare the Statement of Changes in Equity. $($List items that increase retained earnings first.$)$

WILDHORSE GROVE HARDWARE

STATEMENT OF CHANGES IN EQUITY

For the Year Ended December $31$

Retained Earnings, January $1$

$

Add

Net Income $/($Loss$)$

Less

$?$

Dividends

$14,700$

i

Retained Earnings, December $31$

$

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List of AccountsPharoah Supply Corporation provided the following schedule detailing the changes in the shareholders equity accounts during $2023$ and $20241-$Prepare the shareholders equity section of the balance sheet at December $31,20242-$ Prepare the statement of changes in shareholders' equity for the year ended December $31,2024$ Common shares, unlimited authorized Balance, January $1$ Issued shares for cash Contributed surplus$-$reacquisition of common shares Balance, January $115,00015,000$

$8,0000$

$23,00015,000$

Retained earnings Balance, January $1179,500190,000$

$22,50019,500$

$(21,000)$

$181,000(30,000)$

Accumulated other comprehensive income Balance, January $151,00054,000$

$17,000(3,000)$

$68,00051,000$

$ $875,750$ $$ $845,500$

$6$ Your answer is partially correct. Prepare the statement of changes in shareholders' equity for the year ended December $31,2024.($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)-$ Your answer is partially correct.