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Flounder Umbrella Corporation had the following balances at December 31, 2019 (all amounts in thousands): preferred shares, $2,874; common shares, $7.910; contributed surplus, $3,219; retained

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Flounder Umbrella Corporation had the following balances at December 31, 2019 (all amounts in thousands): preferred shares, $2,874; common shares, $7.910; contributed surplus, $3,219; retained earnings, $20,168; and accumulated other comprehensive income, $2,346. During the year ended December 31, 2020, the company earned net income of $6.389,000, generated an unrealized holding gain on FV-OCI investments of $497,000, sold common shares of $237,000, and paid out dividends of $30,000 and $20,000 to preferred and common shareholders, respectively. Gains/losses on FV-OCI investments are not recycled through net income. (a1) Prepare a statement of changes in equity for the year ended December 31, 2020. (Enter amounts in thousands. Round answers to o decimal places, eg. 5,275.) Flounder Umbrella Corporation Statement of Changes in Equity (in thousands) Common Shares Contributed Surplus Preferred Shares $ Beginning Balance $ Flounder Umbrella Corporation Statement of Changes in Equity (in thousands) Preferred Shares Common Shares Contributed Surplus $ $ 47 Beginning Balance Comprehensive Income: Net Income Other comprehensive income Unrealized Holding Gain Dividends to shareholders: Preferred Common Issue of common shares $ Ending Balance Prepare the shareholders' equity section of the Flounder Umbrella Corporation balance sheet as at December 31, 2020. (Enter amounts in thousands. Round answers to decimal places, eg. 5,275.) Flounder Umbrella Corporation Statement of Financial Position (Partial) (in thousands) $

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