$74$ of $266$

$Aa$

The following is select information provided for Penvin Corporation for the year ended December $31,20$X$2$:

Penvin Corporation's income tax rate is $35\%.$

Page $209$

Required:

Prepare a partial statement of changes in equity for Penvin Corporation.

What would be the impact on retained earnings if the foreign currency loss were a loss on disposal of equipment, as reported in the question, were excluded from the statement of comprehensive income and recorded directly to retained earnings?

What does it mean for components of OCI to be recycled into earnings?