DEF is preparing its financial statements for $2019.$ The draft profit for $2019$ is RM$540,000.$

During $2019$ DEF:

Paid dividends of RM$100,000$

ii$.$ Revalued a non$-$current asset, creating a revaluation reserve of RM$40,000$

iii. Raised RM$300,000$ by issuing $100,000$ new shares.

At the end of $2018,$ owners' equity totaled RM$1160,000,$ consisting of share capital of RM$820,000,$ revaluation reserve RM$100,000$ and retained earnings of RM$240,000.$

DEF has now discovered an error in its inventory valuation. This has resulted in an overstatement of inventory at $31$ December $2018$ of RM$60,000.$

Required:

Prepare a statement of changes in equity for the year ended $31$ December $2019.$