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*Additional Problem 6 Presented below Is Information which relates to Cullumber Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2017. Net Income $415,000 Retained earnings, January 1, 2017 824,000 Cash dividends declared on common shares 37,000 Correction of calculation error depreciation understatement in 2013 (pre-tax) 462,000 Gain from foreign currency transactions (net of tax) 239,000 Proceeds from issuance of Cullumber common shares 59,000 Accumulated other comprehensive Income, January 1, 2017 18,000 On January 1, 2017, Cullumber had 22,400 common shares outstanding with a capital balance of $560,000. During the year, Cullumber Company Issued an additional 3,000 common shares. Prepare In good form a statement of changes In equity for 2017. The tax rate Is 30%. (Enter expenses and losses using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Cullumber Company Statement of Shareholders' Equity For the year ended Decen Common Shares Accumulated Other Number Common Shares Retained Earnings Comprehensive Income Total Beginning balance 22,400 560,000 824,000 18,000 S 1,402,000 Correction of 2013 deprei -323,400 -323,400 Beginning balance as rest 22,400 560,000 500,600 18,000 1,078,600 issuance of shares 3,000 59,000 59,000 Net Income 415,000 415,000 Dividends declared 0 -37,000 -37,000 other comprehensive inc. 239,000 239,000 Ending balance 25,400 619,000 878,600 257,000 1,754,600