CHAPTER 4 QUESTIONS Q1 Grouper Limited reports the following for 2020: sales revenue. $911,000; cost of sales, $752,000; operating expenses, $101,100; and unrealized gain on FVOCI investments, $58,700. The company had January 1, 2020 balances as follows: common shares, $400,000; accumulated other comprehensive income, $310,000; and retained earnings, $911,000. The company did not issue any shares during 2020. On December 15, 2020, the board of directors declared a $310,000 dividend payable on January 31, 2021. Prepare a statement of changes in equity. Ignore income tax