Given the following information below, prepare a proper Statement of Changes in Equity (SCE) For Frank and Ernest Inc. for the year 2020.

• Capital stock (1,000,000 authorized, 100,000 outstanding) $1,400,000
• Dividends paid $140,000. The change in dividends payable account is zero.
• Beginning Retained Earnings -$540,000
• Prior period error that reduced earnings by 600,000 before tax is still not corrected for
• Ending Retained Earnings $835,000
• Accumulated Other comprehensive income ending $400,000
• Accumulated Other comprehensive income belonging to minority interest is $40,000
• Of the Shareholders equity $100,000 belongs to the minority.