Statement of Changes in Equity: Below is a partially completed statement of changes in equity for Torino Capital Limited (in thousands of \(\$\) ).

Required:
Complete the statement of changes in equity to reflect the transactions and events described.

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Reserve for Foreign Fractional Exchange Gains Preferred Common Shares Shares Retained of Foreign Shares Outstanding Earnings Total Subsidiary Equity 3,000 7,400 240 6,780 451 17,871 Balance at 1 January 20X1 Comprehensive income, including earnings of $871 and foreign exchange on subsidiary, a gain of $39 Common shares issued for cash of $788 Preferred shares bought back; 10% of opening balance. bought back for cash; paid $85 more than average issue price Cash dividends to shareholders; $170 to preferred and $367 to common Fractional shares turned in for common (80% of fractional rights); remainder are still outstanding Balance at 31 December 20X1