he Spencer Inc. reported the following balances at January 1. 2023: ? Common Shares (32K shares issued, unlimited authorized) $800K ? Retained Earnings $1.5mil ? Contributed Surplus $145K ? AOCI $40K During the year ended Dec. 31, 2023, the following summary transactions occurred: ? Net income earned during the year $400K ? Unrealized gain on fair value through OCI (FV-OCI) investment $25K ? Reduction in contributed surplus due to repurchase of common shares $17,500 ? Reduction of common shares due to repurchase of 1,000 common shares $25K ? Dividends declared during the year on common shares $70K ? Issued 2,000 common shares during the year $100K Prepare a statement of changes in shareholders' equity for the year as required under IFRS