Brief Exercise 11-11 Penny Worth Corporation reported the following statement of changes in equity accounts for the year ended December 31, 2018. PENNYWORTH CORPORATION Statement of Changes in Equity Year Ended December 31, 2018 Contributed Capital Contributed Surplus $460,000 Retained Earnings $2,760,000 Accumulated other Comprehensive Income $92,000 Common Shares $1,380,000 404,800 101,200 Total $4,692,000 404,800 Bal., Jan. 1 Issued common shares Declared and issued stock dividend Declared cash dividends Comprehensive income (101,200) (124,200) (124,200) 690,000 Net Income Other comprehensive income Bal., Dec. 31 23,000 $115,000 590,000 23,000 5,685,600 $1,886,000 $460,000 $3,224,500 Penny Worth had an unlimited number of common shares authorized and 550,000 shares issued at December 31. Prepare the shareholders' equity section of its statement of financial position at December 31, 2018. (Enter account name only and do not provide descriptive information.) PENNYWORTH CORPORATION Statement of Financial Position (Partial) LINK TO TEXT