Lewis Tool Company Statement of Changes in Equity Number of Common Shares Share Capital - Common Shares $ Retained Earnings $ Total $ $ 1, 2023, and ended on September 30, 2024. 1. On October 1,2023 , Ruth Lewis invested $176,000 to start the business. Lewis is the only owner. She was issued 10,000 common shares. 2. On October 1, Lewis Tools borrowed $226,000 from a venture capitalist (a lender who specializes in start-up companies) and signed a note payable. three-month period that followed. All of the rental payments were made as specified in the agreement. 4. On October 1 , the company purchased equipment costing $267,300 for cash. 5. Initial inventory was purchased for $90,000 cash. 6. Additional purchases of inventory during the year totalled $573,500, all on account. 7. Sales during the year totalled $877,500, of which $789,750 were on account. 8. Collections from customers on account totalled $657,000. 9. Payments to suppliers on account totalled $515,500. 10. The cost of the inventory that was sold during the year was $551,000. 11. Selling and administrative expenses totalled $87,400 for the year. Of this amount, $5,300 was unpaid at year end. that time. 13. The equipment was depreciated based on an estimated useful life of 10 years and an estimated residual value of $24,300. 14. The company declared and paid a dividend of $7,900. Prepare a statement of changes in equity for 2024