n 34 67 Net income 4 Retained earnings, January 1, 2023 5 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (net of tax) 7 Gain on FV-OCI investments (net of tax) TT Statement of Changes in Equity (Version 2) (30 marks) B D E Statement of Changes in Equity (Version 2) (30 marks) Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. B6 8 Proceeds from issuance of Sandhill common shares 9 Accumulated other comprehensive income, January 1, 2023 TA A 18 13 Instructions: F 14 (a) Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. (26 marks) 15 Sheridan Company Statement of Changes in Equity For the Year Ended December 31, 2023 G On January 1, 2023, Sheridan had 22,000 common sh

ares outstanding with a capital balance of $550,000. During the year, Sheridan Company issued an additional 2,000 common shares. $443,000 815,000 36,000 378 400 Accumulated Other 213,000 60,000 15,500

\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|r|}{ B6 } & \multicolumn{5}{|c|}{ Statement of Changes in Equity (Version 2) (30 marks) } \\ \hline & A & B & D & E & F & G \\ \hline 1 & \multicolumn{6}{|c|}{ Statement of Changes in Equity (Version 2) (30 marks) } \\ \hline 2 & \multicolumn{6}{|c|}{\begin{tabular}{l} Presented below is information which relates to Sheridan Company, a Canadian public corporation traded on the \\ Toronto Stock Exchange, for 2023 . \end{tabular}} \\ \hline 3 & \multicolumn{4}{|l|}{ Net income } & & $443,000 \\ \hline 4 & \multicolumn{4}{|c|}{ Retained earnings, January 1, 2023} & & 815,000 \\ \hline 5 & \multicolumn{4}{|c|}{ Cash dividends declared on common shares } & & 36,000 \\ \hline 6 & \multicolumn{4}{|c|}{ Correction of calculation error depreciation understatement in 2019 (net of tax) } & & 378,400 \\ \hline 7 & \multicolumn{4}{|c|}{ Gain on PVOCl investments (net of tax) } & & 213,000 \\ \hline 8 & \multicolumn{4}{|c|}{ Proceeds from issuance of Sandhill common shares } & & 60,000 \\ \hline 9 & \multicolumn{4}{|c|}{ Accumulated other comprehensive income, January 1, 2023} & & 15,500 \\ \hline \multicolumn{7}{|l|}{10} \\ \hline 11 & \multicolumn{6}{|c|}{\begin{tabular}{l} On January 1,2023, Sheridan had 22,000 common shares outstanding with a capital balance of $550,000. During the \\ year, Sheridan Company issued an additional 2,000 common shares. \end{tabular}} \\ \hline \multicolumn{7}{|l|}{12} \\ \hline 13 & \multicolumn{6}{|l|}{ Instructions: } \\ \hline 14 & \multicolumn{6}{|c|}{ (a) Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. (26 marks) } \\ \hline \multicolumn{7}{|l|}{15} \\ \hline 16 & \multirow{2}{*}{\multicolumn{6}{|c|}{\begin{tabular}{l} Sheridan Company \\ Statement of Changes in Equity \end{tabular}}} \\ \hline 17 & & & & & & \\ \hline 18 & \multicolumn{6}{|c|}{ For the Year Ended December 31, 2023} \\ \hline & & & & & Othe & \\ \hline \end{tabular}