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Consider the following information for X Corporation: Retained earnings balance January 1, 2022, $121,500. Share capital balance January 1, 2022, $27,000. Net income for

Consider the following information for X Corporation: Retained earnings balance January 1, 2022, $121,500. Share capital balance January 1, 2022, $27,000. Net income for year 2022, $145,817. Dividends declared and paid for year 2022, $53,275. Additional share capital issued May 31, 2022, $4,000. Requirements: Using the above information, prepare a formal Statement of Changes in Equity. 1.

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