(no par value; authorized-unlimited; issued & outstanding - 1,000,000 shares) [25] SHAREHOLDERS' EQUITY [Excel] (11 marks)- At its year-end March 31, 2020, King's Ventures LLP ('KVL') had reported the following components of shareholders' equity: Common Shares Contributed Capital $ 2,500,000 (Common Shares retirement) 14,500 Preferred Shares ($2 dividend; redeemable; no par value; authorized-unlimited; issued & outstanding-50,000 shares) 1,250,000 Retained Earnings 7,400,000 Accumulated Other Comrehensive Income 85,500 $ 11,250,000 During its 2021 fiscal year (recently ended), KVL had the following transactions: Item # 1 Date May 15, 2020 2 May 22, 2020. 3 June 30, 2020 4 July 2, 2020 5 Sept. 30, 2020 6 Mar. 31, 2021 7 Mar. 31, 2021 Details Issued an additional 100,000 Common Shares @$12.40 per share to a new venture partner. Declared dividends on Common of $0.75 per share payable on June 30, 2020 to shareholders of record on March 31, 2020; declared dividends payable of $2 per share on Preferred Shares. Paid all dividends. I Redeemed all Preferred Shares @ $26.50 per share plus a final dividend of $0.50 per share for the quarter-ended June 30, 2020. Retired 200,000 Common Shares held by a retiring founding partner @ $11.00 per share. Net unrealized gains (losses) from portfolio investments designated as FVOCI during the year amounted to ($408,000). Net Income for the fiscal year was determined to be $918,000. Required: Using the tab in your Excel file corresponding to this Question, complete an abridged version (i.e. for the 2021 fiscal year only) of the Statement of Changes in Equity by reflecting the effect(s) of the transactions above. List the transactions by number (no need to repeat text or enter dates). For full marks, show supporting calculations and / or text-explanations (e.g. why a transaction or event may have no effect) in a 'Notes' section and cross reference SCE line items to the related Note. Be careful to show increases or decreases in an equity account as (+) or (-), respectively. If there is no impact on equity, list the transaction and indicate "no effect". Enter all impacts on AOCI in a single column. Finally, complete the SCE by determining the ending balances as at March 31, 2021.