Flounder Limited has two classes of shares outstanding: preferred $($$$6$ dividend$)$ and common. At December $31,2022,$ the following

accounts and balances were included in shareholders' equity:

The contributed surplus accounts arose from net excess of proceeds over cost on previous cancellations of shares of each respective

class. The following transactions affected shareholders' equity during $2023$:

Jan. $1$ Issued $25,000$ preferred shares at $$26$ per share.

Feb. $1$ Issued $50,000$ common shares at $$25$ per share.

June $1$ Declared a $2-$for$-1$ stock split $($common shares$).$

July $1$ Purchased and retired $30,000$ common shares at $$15$ per share.

Dec. $31$ Net income is $$2,100,000$; comprehensive income is $$2,050,000.$

Dec. $31$ The preferred dividend is declared, and a common dividend of $$0\mathrm{.}50$ per share is declared.

Assume that Flounder follows IFRS.

$($a$)$

Prepare the statement of changes in shareholders' equity for the company at December $31,2023.($Enter negative amounts using

either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round intermediate calculations to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75$ and all other answers to $0$ decimal places, e$.$g$.5,275.)$ Preferred Shares

Balance January $1,2023$

Issued preferred shares

Issued common shares

$2-$for$-1$ stock split

$1$

Reacquired common shares

Declared dividends $-$ preferred

Declared dividends $-$ common

Net income

Other comprehensive income $($loss$)$

Balance December $31,2023$ Prepare the statement of changes in shareholders' equity for the company at December $31,2023.($Enter negative amounts using

either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round intermediate calculations to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75$ and all other answers to $0$ decimal places, e$.$g$.5,275.)$

FLOUNDER LIMITED

Statement of Changes in Shareholders' Equity

IShares Prepare the statement of changes in shareholders' equity for the company at December $31,2023.($Enter negative amounts using

either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round intermediate calculations to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75$ and all other answers to $0$ decimal places, e$.$g$.5,275.)$Prepare the shareholders' equity section of the SFP for the company at December $31,2023.$

FLOUNDER LIMITED

Shareholders' Equity

$