At December 31, 2016, Country Water Mall Inc. reported shareholders' equity as follows. (Click the icon to view the shareholders' equity report.) During 2017, Country Water Mall completed the following transactions listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Country Water Mall's statement of changes in shareholders' equity for 2017 Prepare Country Water Mall's statement of changes in shareholders' equity for 2017. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement of changes, leave the box empty; do not enter a zero. Complete all answer boxes in the Total column.) Country Water Mall Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2017 Common Retained Shares Earnings Total Balance Dec 31, 2016 Stock dividend Issuance of common shares Net income Cash dividends Balance Dec 31, 2017 i Shareholders' Equity report $ Common shares, 500,000 shares authorized, 350,000 shares issued. Retained earnings 1,015,000 660,000 $ 1,675,000 Print Done i Transactions - X a. Declared and issued a 5% stock dividend on the outstanding shares. At the time, Country Water Mall shares were quoted at a market price of $10 per share. b. Issued 10,000 common shares at the price of $15 per share. c. Net income for the year, $310,000. d. Declared cash dividends of $140,000. Print Done