Part C Statement of Changes in Equity 9 Marks BOM Ltd sells vehicles. You have been given information to prepare the Statement of Changes in Equity for the year ended 30 June 2013. BQM Ltd Statement of Financial Position (Balance Sheet) (Extract) as at 30 June 2012 Equity Contributed Equity (400,000 shares fully paid) 1,200,000 Retained Earnings 283,400 Buildings Revaluation Surplus 150,000 Additional Information: On 22 August 2012 a final dividend of 8 cents per share was paid. On 30 September 2012 a further 25,000 shares were issued, at a fair value of $3 per share. On 30 November 2012, the directors decided to repurchase 5,000 shares at a fair value of $4 per share. On 31 January 2013 an interim dividend was paid of 7 cents per share, on all shares held at that date. Profit for the period (after tax) was $350,000. Buildings were revalued during the year from a recorded value of $375,000 to an independent value $415,000. Required: Prepare the Statement of Changes in Equity and the Notes for the year ended 30 June 2013. L. BOM Ltd Statement of Changes in Equity for the year ended 30 June 2013 Notes Contributed Equity Retained Earnings Buildings Total Equity Revaluation Surplus $ Balance at 1 July 2012 Changes in equity for 2013 2 Balance at 30 June 2013 (6 Marks) Notes to the Statement of Changes in Equity: 1. Contributed Equity No of shares Balance at 1 July 2012 Balance at 30 June 2013 (1 Mark) 2. Distributions S Total dividends paid Total distribution (2 Marks)