Exercise 15-12 Swifty Corp. reported the following amounts in the shareholders' equity section of its December 31, 2019 SFP: Preferred shares, $7 dividend (12,000 shares authorized, 2,400 shares issued) Common shares (unlimited authorized, 29,000 issued) $242,400 696.000 Contributed surplus 47,100 Retained earnings Accumulated other comprehensive income 300,000 66,000 Total $1,351,500 During 2020, the company had the following transactions that affect shareholders' equity. 1. Paid the annual 2019 $7 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends had been declared on Dec 2. Purchased 3,500 shares of its own outstanding common shares for $30 per share and cancelled them. 3. Issued 1,000 shares of preferred shares at $102 per share (at the beginning of the year). 4. Dedared a 15% stock dividend on the outstanding common shares at their fair value when the shares were selling for $44 per share. 5. Issued the stock dividend. 6. Declared the annual 2020 $7 per share dividend on preferred shares and a $2 per share dividend on common shares. These dividends are payable in 2021 The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2019, were $2 record the transactions above. (Credit account titles are automatically indented when the amount is entered. Do not triden Volume 2 PRINTER VERSION BLACK 2019 SFP: common shares. These dividends had been declared on December 31, 2019. them. hares were selling for $44 per share. don common shares. These dividends are payable in 2021. ammon shares. Total assets at December 31, 2019, were $2,140,000, and total assets at December 31, 2020 were $2,616,000. The company follows IFRS. Prepare the statement of changes in shareholders' equity for the year ended December 31, 2020. Astume 2020 net income was $420,000 and comprehensive income was $412,000. or parentheses g. (45).) Swifty Corp Statement of changes in Shareholders' Equity Prepare the December 31, 2020 shareholders' equity section. Swifty Corp. Shareholders' Equity Calculate the rate of return on common shareholders' equity and the rate of return on total assets for 2020. (Round percentage answers to 2 decimal place Rate of return on common shareholders' equity J56 Rate of return on total assets % Is Swifty trading on the equity