On January 1^st, 2010, ABC Inc., a publicly traded company, had the following Shareholder Equity balances:

Common Shares

$500,000

Retained Earnings

$800,000

Contributed Surplus

$100,000

Accumulated Other Comprehensive Income

$50,000

During 2010, the following took place:

ABC Inc earned net income of $120,000 and paid cash dividends in the amount of $20,000.

In addition, the company declared a stock dividend in the amount of $50,000.

Also during 2010, ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results.

Required:

Statement of Changes in Equity for ABC Inc. for 2010.