On 1 January 20X5, the shareholders equity for Svengali Controls Ltd. (SCL) included the following items (in thousands of dollars):

	Debit	Credit
Common shares		$12,000
Deficit	$250
Preferred shares		2,500
Appropriation for plant expansion		1,000
Contributed surplus		250
Accumulated translation gain or loss on Mexican subsidiary		550

During the year ending 31 December 20X5, the following occurred:

Net income (after income tax) was $50,000.

Sixty thousand additional common shares were issued to existing shareholders for $50 each. The shares had no stated or par value.

The board of directors appropriated an additional $150,000 for plant expansion.

The company purchased and retired 1,000 of its preferred shares at their original issue price of $1,100 each. The shares had a stated value of $1,000 each, and had originally been issued to an institutional investor for $1,100 each.

SCL recorded a loss of $5,000 arising from a decline in the net asset value of the Mexican subsidiary due to a change in the exchange rate for the Mexican peso against the Canadian dollar.

Required:

a.Determine the amount of comprehensive income.

b.Prepare a statement of changes in equity for SIL for the year ended 31 December 20X5 in columnar format.