The equity accounts of Feeling Alright Vitamin Limited as at January 1, 2014, were as follows:

During 2014, the following transactions took place:

Instructions
Prepare a statement of changes in equity for the year ended December 31, 2014. The company follows IFRS and accounts for its investments in accordance with IAS 39.

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Retained earnings, January 1, 2014 Common shares Preferred shares Contributed surplus Accumulated other comprehens ve income $257,600 600,000 250,000 300,000 525,000 Adjustment to correct error in prior years (gain net of tax) Unrealized gains on fair value-CCl investments (net of tax) Dividerds: 48,000 82,000 Common shares Preferred shares 120,000 62,000 Issue of equity: Common shares Preferred shares 300,000 5,000 325,000 Net income