COVIDUVIDAPDAP CORPORATION has the following information related to its Shareholders' Equity for the year 2020:

Capital Stock (P1 par value), January 1 P1,000,000

APIC, December 31 1,000,000

Retained Earnings, January 1 375,000

Net loss for the year 2020 40,000

Cash dividends paid declared and paid during the year 100,000

No. of shares issued during the year is 200,000 at P2 per share issue price

Required:

STATEMENT OF CHANGES IN EQUITY for Coviduvidapdap Corporation for the year ended December 31, 2020.

ACTIVITY 1_SOCIE.pdf 1/1 STATEMENT OF CHANGES IN EQUITY PROBLEM 1 COVIDUVIDAPDAP CORPORATION has the following information related to its Shareholders' Equity for the year 2020: Capital Stock (P1 par value), January 1 P1,000,000 APIC, December 31 1,000,000 Retained Earnings, January 1 375,000 Net loss for the year 2020 40,000 Cash dividends paid declared and paid during the year 100,000 No. of shares issued during the year is 200,000 at P2 per share issue price Required: Prepare a STATEMENT OF CHANGES IN EQUITY for Coviduvidapdap Corporation for the year ended December 31, 2020. Use the following format: [company name] [name of statement] [covered period] Capital Additional Paid-in Retained Earnings Total Stock Capital Balance, January 1, 2020 [particulars] Balance, December 31, 2020