Kroker Plumbing Ltd., a plumbing installation company, began the year with the following balances:
Accumulated other comprehensive income . . . . . . . . . . . . . . . $136,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 845,945
Common shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 780,000
Preferred shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000
The following selected transactions affected the equity during the year:
Net income reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$264,947
Loss due to the revaluation of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000
Preferred shares issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110,000
Common shares issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .253,000
Dividends paid
Preferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
Common . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000
Prepare a statement of changes in equity for the fiscal year ended October 31, 2015.