CARLA VISTA CORPORATION Statement of Changes in Equity For the Year Ended December 31, 2021 Common Shares Retained Earnings Total Equity Balance, January 1 30,500 212.500 $ $ 243,000 Issued Common Shares 6,200 6,206 Net Income /(Loss) i 737,000 737,000 Dividends Declared -3000 i -3000 Balance, December 31 $ 367,000 283,000 $ 319.900 These items are taken from the financial statements of Carla Vista Corporation for the year ended December 31, 2021: Retained earnings, January 1 $216,000 Cash 11.900 Salaries payable 3,000 Utilities expense 2,000 60,000 Equipment Accounts payable 19,000 Buildings 63,000 37.200 Common shares Dividends declared Service revenue 3,000 213,400 Prepaid insurance 2.500 Repairs and maintenance expense 2.800 Question 4 of 6 Repairs and maintenance expense 2,800 Land 182,500 Depreciation expense 6,200 - Accounts receivable 14,700 Insurance expense 2,200 Salaries expense 121,300 Accumulated depreciation-equipment 15,600 Income tax expense 6,000 Supplies 200 Operating expense 39,400 Supplies expense 1,000 Bank loan payable, due 2024 15,000 Trading investments 18,500 Accumulated depreciation-buildings 19,000 Interest expense 1,500 Interest revenue 500 Question 4 of 6 Dank an payable, uue 2024 10.UUU Trading investments 18,500 Accumulated depreciation-buildings 19,000 1,500 Interest expense Interest revenue 500 Additional information: 1. Carla Vista started the year with $25,000 of common shares and issued $12,200 more during the year. 2. Carla Vista must pay $1,500 of the bank loan payable next year in 2022