At their last year end, December 31, 2015, Madagascar Inc reported the following shareholders equity:

$2, preferred shares, no par value, non-cumulative, 8,000 shares issued .. $400,000

Common shares, no par value, 35,000 shares issued. 300,000

Accumulated other comprehensive income 30,000

Retained earnings .. 370,000

Total equity . 1,100,000

During calendar 2016, the following events and transactions occurred related to shareholders equity:

Mar 4 Another 5,000 common shares were sold for $11 each

Apr 10 Cash dividends were paid to the preferred shares. The last time dividends were declared was in July of 2013

Sep 16 A 5% stock dividend was declared and distributed on the common shares. The market value at the time was $9

Dec 31 Net income for 2016 was $235,000

Dec 31 Other comprehensive income (unrealized holding gain on available-for-sale shares) for 2016 was $45,000

Required: prepare the Statement of Changes in Equity for the year ended December 31,2016.