Happy Rupert's Pets Ltd. has a November 30 year-end, and it began the year 2015 with the following balances:
Retained Earnings .......................................$346,190
Accumulated Other Comprehensive Income ........ 257,387
Common Shares ........................................ 386,021
Preferred Shares ........................................ 157,350
During the year, the company issued 10,000 preferred shares at $22 per share and 30,000 common shares at $7 per share. The net income for the year was $524,568, and it paid out $23,000 in preferred dividends and $15,000 in common dividends. The company recorded an unrealized gain on investments of $13,587 in other comprehensive income.
Prepare a statement of changes in equity for Happy Rupert's Pets Ltd. for 2015.