Fauci Corporation, a public company using IFRS, reported the following balances at January 1, 2020:

Common Shares (5,000 shares issued) 30,000

Retained Earnings 160,000

Contributed Surplus - common 3,500

Accumulated Other Comprehensive Income 11,000

Fauci is subject to a 30% income tax rate.

Prepare the journal enties for the following transactions that occurred during 2020:

a)On July 1, repurchased 1,000 common shares for $4 per share and retired them.

b)On December 1, when shares were trading at $5 a share, a 20% stock dividend was declared to be issued in early 2021.

c)In December, Fauci found that 2019 expenses of $20,000 were never recorded or paid in error.The amount will be paid in early 2021.

(2019 books are closed.)

Other information for Fauci for 2020:

Net loss during the year (9,000)

Other comprehensive loss (1,500)

Required:Prepare the statement of changes in shareholders' equity for the year ended Dec 31, 2020 for Fauci incorporating all of the information in this entire question. (Share information not required)