Laramie Corporation, a publicly traded company, is authorized to issue 325,000$4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2024, the general led ger contained the following shareholders' equity accoumts: The following equity transactions occurred in 2024: Jan. 4 Issued 31,500 common shares for $315,000. Apr. 15 Issued 12,600 preferred shares for $1,008,000 29 Repurchased and retired 10,500 common shares at $7.50 per share. The bal ance in the Contributed Surplus account arose from the repurchase of common shares in prior years. May 17 Declared a semi-annual cash dividend to the preferred shareholders of record at June 14, payable July 5. Aug. 13 Issued 26.250 common shares for $183.750. Dec. 16 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 $1020.600. -45 er parencheies es. (45). Prepare the statement of changes in equity for the year. (Enter negative amounts using either a negutive sign precedirg the number es? -45 or parentheses eg. (45).) Laramie Corporation, a publicly traded company, is authorized to issue 525,000$4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2024, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred in 2024 : Jan. 4 Issued 31,500 common shares for $315,000. Apr. 15 Issued 12,600 preferred shares for $1,008,000. 29 Repurchased and retired 10,500 common shares at $7.50 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years. May 17 Declared a semi-annual cash dividend to the preferred shareholders of record at. June 14, payable July 5. Aug. 13 Issued 26,250 common shares for $183,750. Dec. 16 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 $1,020,600