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 $31$ $ eTextbook and Media 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 $115,00015,0008,000023,00015,000$ Retained earnings Balance, January $1179,500190,00022,50019,500(21,000)181,000(30,000)$ Accumulated other comprehensive income Balance, January $151,00054,00017,000(3,000)68,00051,000\backslash$$ $875,750\backslash$$$\backslash$$ $845,5006$ 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.