CoursHeroTranscribedText: Presented below is information which relates to Blossom Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income $400,000 Retained earnings, January 1, 2023 780,000 Cash dividends declared on common shares 32,000 Correction of calculation error depreciation understatement in 2019 (pre-tax) 450,000 Gain on FV-OCI investments (net of tax) 200,000 Proceeds from issuance of Blossom common shares 55,000 Accumulated other comprehensive income, January 1, 2023 14,000 On January 1, 2023, Blossom had 18,000 common shares outstanding with a capital balance of $450,000. During the year, Blossom Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Blossom's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)