Pina Colada Corp. reported the following amounts in the shareholders' equity section of its December 31, 2019 SFP: Preferred shares, $8 dividend (9,000 shares authorized, 2,200 shares issued) Common shares (unlimited authorized, 22,000 issued) Contributed surplus Retained earnings Accumulated other comprehensive income Total $226,600 528,000 65,500 250,000 79,000 $1,149,100 During 2020, the company had the following transactions that affect shareholders' equity. 1. Paid the annual 2019 $8 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends had been declared on December 31, 2019. 2. Purchased 4,000 shares of its own outstanding common shares for $35 per share and cancelled them. 3. Issued 900 shares of preferred shares at $104 per share (at the beginning of the year). 4. Declared a 20% stock dividend on the outstanding common shares at their fair value when the shares were selling for $50 per share. 5. Issued the stock dividend. 6. Declared the annual 2020 $8 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends are payable in 2021. The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2019, were $2,140,000, and total assets at December 31, 2020 were $2,616,000. The company follows IFRS. Prepare the statement of changes in shareholders' equity for the year ended December 31, 2020. Assume 2020 net income was $430,000 and comprehensive income was $439,000. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pina Colada Corp. Statement of Changes in Shareholders' Equity Preferred shares Common Shares Number of Shares Paid-in Number of shares Balance, January 1 $ Net income Other comprehensive income Comprehensive income Repurchase of common shares Issuance of preferred shares Issuance of common shares through stock dividend Cash dividend: - preferred Cash dividend: - preferred - common Balance, December 31 $ Prepare the December 31, 2020 shareholders' equity section. Pina Colada Corp. Shareholders' Equity +A $ +A $ Calculate the rate of return on common shareholders' equity and the rate of return on total assets for 2020. (Round percentage answers to 2 decimal places, e.g. 52.75%.) Rate of return on common shareholders' equity Rate of return on total assets Is Pina Colada trading on the equity? eTextbook and Media % %