Dakota Company experienced the following events during Year 2:

1. Acquired $30,000 cash from the issue of common stock.
2. Paid $12,000 cash to purchase land.
3. Borrowed $10,000 cash.
4. Provided services for $20,000 cash.
5. Paid $1,000 cash for utilities expense.
6. Paid $15,000 cash for other operating expenses.
7. Paid a $2,000 cash dividend to the stockholders.
8. Determined that the market value of the land purchased in Event 2 is now $12,700.

   Prepare a statement of changes in equity for the Year 2 accounting period.

   DAKOTA COMPANY
   Statement of Changes in Stockholders Equity
   For the Year Ended December 31, Year 2
   Beginning common stock
   Ending common stock		$0
   Beginning retained earnings
   Ending retained earnings		0
   Total stockholders equity		$0