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Grizzly Corporation had the following shareholders' equity balances at January 1, 2020: Common shares, unlimited authorized, 200,000 issued $800,000 Retained earings 120,000 Accumulated other comprehensive
Grizzly Corporation had the following shareholders' equity balances at January 1, 2020: Common shares, unlimited authorized, 200,000 issued $800,000 Retained earings 120,000 Accumulated other comprehensive income 30,000 The following events occurred in 2020: 1. Issued 50,000 common shares for $150,000 cash. 2. Declared and paid dividends of $25,000. 3. Reported profit of $40,000. 4. Reported other comprehensive income of $10,000. Instructions Prepare a statement of changes in equity using the following tabular format Common Retained Accumulated Total Shares Earnings Other Comprehensive Income Jan 1, 2020 Dec 31, 2020
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