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Prepare a statement of changes in equity for the year. (If an amount reduces the account balance then enter amounts using either a negative sign
Prepare a statement of changes in equity for the year. (If an amount reduces the account balance then enter amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) These items are taken from the financial statements of Blossom Corporation for the year ended December 31, 2024: Additional information: 1. Blossom started the year with $49,500 of common shares and issued $16,500 of common shares during the year. 2. Blossom must pay $6,050 of the bank loan payable in 2025
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