Ayayal Corporation began operations on January 1, 2022. The following information is available for Ayayai Corporation on December 31, 2022. Accounts payable Accounts receivable Advertising expense Cash Common shares (Dec. 31) Dividends declared Equipment Income tax expense $4,000 2,400 1,600 2,480 12,000 2,000 22,240 1,440 Bank loan payable Rent expense Retained earnings (Dec. 31) Salaries expense Service revenue Supplies Supplies [xpense $5,600 1,920 ? 4,640 20.000 1,520 1,360 al LES Revenues Service Revenu 20,000 Expenses Advertising Expense 1.600 Rent Expense 1.920 i Salaries Expense 4,640 i Supplies Expense 1,360 i Total Expenses 9.520 i Income Before Income Tax 10.480 Income Tax Expense 1.440 i Net Income /(Loss) $ 9.040 Prepare a statement of changes in equity for Ayayai Corporation. (If an amount reduces the account balance then enter with negative sign e.g. -45 or parentheses e.g. (45).) AYAYAI CORPORATION Statement of Changes in Equity Common Shares Retained Earnings $ Total Equity $ $