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Prepare a statement of changes in equity for the year. Note that $4,230 of common shares were issued during the month of May. SHERIDAN LODGE

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Prepare a statement of changes in equity for the year. Note that $4,230 of common shares were issued during the month of May. SHERIDAN LODGE LTD. Statement of Changes in Equity Year Ended May 31, 2021 Common Shares Retained Earnings Total Equity Balance, June 1, 2020 60.000 $ 40,670 > Net income Dividends Declared Issued common shares

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