On January 1, 2024, Carla Vista Enterprises Inc. had 60,000 common shares, recorded at $480,000. The company follows IFRS. Assume the balance in Retained Earnings at the beginning of the year is $500,000 and profit for the year was $165,000. During the year, the following transactions occurred: Apr.1 Issued 10,000 common shares at $10 per share. June Declared a 5\% stock dividend to shareholders of record on September 5, distributable on September 20. The shares 15 were trading for $12 a share at this time. Sept. Announced a 1-for-2 reverse stock split. Shares were trading at $10 per share at the time. Nov. 1 Issued 2,000 common shares at $20 per share. Dec. Repurchased 10,000 common shares for $18 per share. This was the first time Carla Vista had repurchased its own 20 shares. Dec. Paid cash dividends of $70,000. 27 (a). (b) Prepare the Retained Earnings section ONLY of the statement of changes in shareholders' equity