0061701question pd X + 620LEE/Documents/WeChat%20Files/yongjye 18/FileStorage/File/2020-06/FR2020061701 question%201.pdf + DE Financial Reporting (1) Question I 1. Star Co. reports the following information for 2020: sales revenue $750,000, cost of goods sold $500,000, operating expenses $80,000. The property was acquired some years ago. As at 31 December 2020 ,the carrying amount of the building is estimated at $408,000 ,and the building is to be revalued at $800,000. It declared and paid a cash dividend of $10,000 in 2020. Star Co. has January 1, 2020, balances in share capital-ordinary $350,000, accumulated other comprehensive income related to the unrealized holding gain of $80,000, and retained earnings 590,000. It issued no ordinary shares during 2020. Ignore income taxes. Required Prepare a statement of changes in equity for the year ended 31 December 2020 and show workings 2. 0061701question pd X + 620LEE/Documents/WeChat%20Files/yongjye 18/FileStorage/File/2020-06/FR2020061701 question%201.pdf + DE Financial Reporting (1) Question I 1. Star Co. reports the following information for 2020: sales revenue $750,000, cost of goods sold $500,000, operating expenses $80,000. The property was acquired some years ago. As at 31 December 2020 ,the carrying amount of the building is estimated at $408,000 ,and the building is to be revalued at $800,000. It declared and paid a cash dividend of $10,000 in 2020. Star Co. has January 1, 2020, balances in share capital-ordinary $350,000, accumulated other comprehensive income related to the unrealized holding gain of $80,000, and retained earnings 590,000. It issued no ordinary shares during 2020. Ignore income taxes. Required Prepare a statement of changes in equity for the year ended 31 December 2020 and show workings 2