Hammond Manufacturing Inc. was legally incorporated on January 2, 2020. Its articles of incorporation granted it the right to issue an unlimited number of common shares and 100,000 shares of $14.0 non-cumulative preferred shares. The following transactions are among those that occurred during the first three years of operations: 2. Prepare the statement of changes in equity for the year ended December 31,2022 . (Amounts to be deducted should be indicated by a minus sign.) 3. Prepare the equity section on the December 31,2022 , balance sheet. Analysis Component: Determine the net assets of Hammond Manufacturing Inc. for 2020,2021 , and 2022 . Is the trend favourable or unfavourable