Prepare statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the numberes. -45 or parentheses eg (453) SUNLAND CORPORATION Statement of Changes in Equity Year Ended July 31, 2018 Common Retained Shares Earnings Total Equit Balance August 1, 2017 14000 22940 Net Income Los 13500 30000 Revenues 27500 52940 Dividends Declared -14500 i Balance July 31, 2018 $ 27500 $ 38440 $ eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. Show Attempt History Current Attempt in Progress These financial statement items are for Sunland Corporation at year end, July 31, 2018 Operating expenses Salaries expense Unearned revenue Utilities expense Equipment Accounts payable Service revenue Rent revenue Common shares Cash Accounts receivable Accumulated depreciation-equipment $32,500 46,700 12.000 2,600 70.200 5,020 116.100 19.000 27.500 5,560 16.100 5.800 interest payable Supplies expense Dividends declared Depreciation expense Retained earnings. Aug 1, 2017 Rent expense Income tax expense Supplies Held for trading investments Bank loan payable duc Dec 31, 2018) Interest expense $ 900 700 14,500 3,500 22,940 11.500 5,700 2.100 20,500 24,800 1,900 Additional information: Sunland started the year with $14,000 of common shares and issued additional shares for $13,500 during the year