Kennel Corporation, a publicly traded company, is authorized to issue 192,000 $4 noncumulative preferred shares and an unlimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: Preferred shares (8,500 shares issued) Common shares (66,500 shares issued) Contributed surplus Retained earnings Accumulated other comprehensive income Feb. 6 Apr. The following equity transactions occurred in 2021: 27 May 29 Aug. 22 Dec. 14 $476,000 997,500 24,000 31 872,000 Issued 9,700 preferred shares for $582,000. 6 Issued 19,000 common shares for $541,500. Repurchased and retired 3,300 common shares at $17 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years. Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1. Issued 8,700 common shares in exchange for a building. At the time of the exchange, the building was valued at $157,000 and the common shares at $143,000. 10,200 The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. Net income for the year was $616,000.

Prepare the statement of changes in equity for the year. (Enter negative amounts using either a negotive sign preceding the number eg: -45 or parentheses e. (45). eTextbook and Media List of Accounts 5 ave tor Later Attempts: unlimited Kennel Corporation a publicly troded compary, is authorized to issue 192,000$4 noncumulative preferred shares and an unlimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred in 2021 : Feb. 6 Issued 9,700 preferred shares for $582,000 Apr: 6 Issued 19,000 common shares for $541,500. 27 Repurchased and retired 3,300 common shares at $17 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years. May 29 Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1 Aug 22 Issued 8,700 common shares in exchange for a building. At the time of the exchange, the building was valued at $157,000 and the common shares at $143.000. Dec. 14 The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. 31 Net income for the year was $616,000