Accumulated other comprehensive income: Balance, Jan. 1 $ 40,000 Balance, Dec. 31 65,000 Foreign currency translation gain 25,000 Other contributed capital: Balance, Jan. 1 540,000 Balance, Dec. 31 485,000 Reacquisition of shares (55,000) Retained earnings: Balance, Jan. 1 $ 1,500,000 Balance, Dec. 31 1,830,000 Profit 400,000 Dividends (70,000) Share capital: Balance, Jan. 1 (32,000) 800,000 Balance, Dec. 31 (33,000) 955,000 Reacquisition and retirement of shares (1,000) (25,000) Shares issued (2,000) 180,000 Instructions (a) Prepare a statement of shareholders' equity for the year. (b) Prepare the shareholders' equity section of the balance sheet at December 31