The Blue Canoe Limited reported the following changes to its shareholders' equity accounts for the year ended December 31, 2015.

Instructions
(a) Prepare a statement of changes in equity for the year.
(b) Prepare the shareholders' equity section of the balance sheet at December 31.

Accumulated other comprehensive Retalned earnings: Balance, Jan. 1 Other comprehensive income Balance, Dec. 31 90,000 (25,000) S 65,000 Balance, Jan. 1 $1,500,000 400,000 (70,000) $1,830,000 Cash dividends Balance, Dec. 31 Additilonal contributed capttal: Balance, Jan. 1 Balance, Dec. 31 540,000 540,000 Common shares: Balance, Jan. 1 Shares issued Balance, Dec. 31 S 800,000 180,000 S 980,000