On January 1, 2023, Ivanhoe Ltd. (a public company) had the following shareholders' equity accounts: Preferred shares, $6 non-cumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 700,000 issued Retained earnings Accumulated other comprehensive income The following selected transactions occurred during 2023: 0 $3,500,000 1,162,000 148,000 Jan. 2 Issued 80,000 preferred shares at $100 per share. Mar. 5 Apr. 18 June 5 Sept. 5 Dec. 5 Dec. 31 Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April 1. Issued 120,000 common shares at $11 per share. Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1. Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Net income for the year was $390,000. Prepare the statement of changes in shareholders' equity for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Preferred Shares Number of Shares Balance Jan, 1, 2023 Issued preferred shares Issued common shares Declared dividends Net earnings Balance, December 31, 2023 IVANHO Statement of Changes i December 31, 2023 Common Share Capital Number of Shares