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Moonshadow Corporation had the following balances at December 31, 2018: preferred shares $3,012,000; common shares $4,718,000; retained earnings $16,791,000; and accumulated other comprehensive income $514,000.
Moonshadow Corporation had the following balances at December 31, 2018: preferred shares $3,012,000; common shares $4,718,000; retained earnings $16,791,000; and accumulated other comprehensive income $514,000. During the year ended December 31, 2019, the company earned net income of $3,613,000, carnea ome comprehensive income of $3,000, sold common shares for $30,000 cash, and declared dividends of $14,000 and $5,000 to preferred and common shareholders respectively. Required Prepare Moonshadow Corporation's statement of changes in equity for the year ended December 31, 2019
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