At December 31, 2016, Ocean Air Mall Inc. reported shareholders' equity as follows, (Click the icon to view the shareholders' equity report.) During 2017, Ocean Air Mall completed the following transactions (listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Ocean Air Mall's statement of changes in shareholders' equity for 2017 Prepare Ocean Air Mall's statement of changes in shareholders' equity for 2017. (Use parentheses box empty; do not enter a zero. Complete all answer boxes in the Total column.) Ocean Air Mall Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2017 Common Relained Shares Earnings Total Balance Dec 31, 2016 Enter any number in the edit fields and then continue to the next question. Type here to search O ESC to 2 3 5 Q W E R . dity as follows. ted in chronological order). * Shareholders' Equity report h styrd ity to he Ta Common shares, 500,000 shares authorized, 250,000 shares issued Retained earnings $ 650,000 630,000 S 1,280,000 Print Done xt question 2 23C ASUS ZenBook 1012 na 2 5 6 7 8 9 0 VA R T A s follows. chronological order). - Transactions a. Declared and issued a 6% stock dividend on the outstanding shares. At the time, Ocean Air Mall shares were quoted at a market price of $10 per share. b. Issued 10,000 common shares at the price of $13 per share. c. Net income for the year, $300,000. d. Declared cash dividends of $110,000 Print Done uestion w ASUS ZenBook 12 11002 5 6 7 8 9