Selected information regarding the accounts of Infinity Minerals Corp. follows:
Common shares, unlimited authorized, 50,000 shares
Issued and outstanding, December 31, 2013.................................................. $1,074,000
Common dividends declared and paid during 2014 ........................................... 120,000
Cumulative effect of change in accounting estimate
(Net of $7,200 tax)......................................................................................... (33,600)
Net income for the year ended December 31, 2014 .......................................... 342,000
Preferred dividends declared and paid during 2014 ........................................... 72,000
Preferred shares, $4.80 non-cumulative, 15,000 shares
Authorized, issued, and outstanding, December 31, 2013 .............................. 450,000
Retained earnings, December 31, 2013 (as originally reported).......................... 588,000

Prepare a statement of changes in equity for the year ended December 31, 2014, assuming 7,000 common shares were issued during 2014 at an average price of $21.84 per share and that no preferred shares were issued in 2014.