Assignmenton statement of changes in equity: (6 points)/a part of first exar Student name: On January1, 2020, Chamblin AG had the following equity balances. Share Capital-Ordinary (420,000 shares issued) Share Premium-Ordinary Retained Earnings treasury shares(56,000 ordinary shares) During 2020, the following transactions and events occurred. 1. Issued70,000 additional ordinary shares to attorneys in payment of a bill 2. Purchased 16,800 ordinary shares for the treasury at $5 per share. 3. Declared and paid a cash dividend of $ 0.5 per share to outstanding shar 4. Sold 28,000 treasury shares for cash at $6 per share. 5. declared AND issued 10% share dividends when the share price was $ 6. Earned netincome of $200,000 Instructions Prepare a statement of changes in equity for the year? (6 points) Answer: Assignmenton statement of changes in equity: (6 points)/a part of first exar Student name: On January1, 2020, Chamblin AG had the following equity balances. Share Capital-Ordinary (420,000 shares issued) Share Premium-Ordinary Retained Earnings treasury shares(56,000 ordinary shares) During 2020, the following transactions and events occurred. 1. Issued70,000 additional ordinary shares to attorneys in payment of a bill 2. Purchased 16,800 ordinary shares for the treasury at $5 per share. 3. Declared and paid a cash dividend of $ 0.5 per share to outstanding shar 4. Sold 28,000 treasury shares for cash at $6 per share. 5. declared AND issued 10% share dividends when the share price was $ 6. Earned netincome of $200,000 Instructions Prepare a statement of changes in equity for the year? (6 points)