Presented below are balances of equity accounts at 1/1/2019 at Petra Co.: Capital Additional paid in capital Retained earnings 800,000 200,000 130,000 During 2019 the following additional Information is provided: 1- Petra Issued 100,000 ordinary shares at S5, with sales price (market price) $3 2- Petra declared and paid dividends at $60,000 3- Net income for 2018 was $250,000, net income for 2019 was $100,000 4-treasury shares were purchased at a cost of $40,000 5- accumulated other comprehensive loss was $10,000 1. Prepare statement of changes in equity for 2019. Then answer the questions at answer sheet page No. 1 Question 2: [10 marks) The following balances were taken from adjusted trial balance (partial trial balance) at 31/12/2019: Sales revenue 150,000 Revaluation surplus 1,500 Loss on division disposal 3,000 Unearned revenue 3,500 Sales returns and allowances 10,000 Cost of goods sold 48,000 cash 20,000 gain on litigation settlement 1,000 Accumulated depreciation-building 7,500 Bad debt expense 400 Interest expense 4,000 Sales discount 2,000 capital 140,000 Salaries expenses 6,000 Dividends revenue 2,000 Retained earning 45,000 Unfsalized holding gain on Investment at financial Depreciation exp-building assets measured at fair 2000 value-through OCI 8,000 Additional information: 1-20% of the building is occupied by the sales department 2- applicable tax rate = 10% 3-40% of salary expense is for sales department 4-outstanding ordinary shares for 2019 were 100,000 shares Required: prepare statement of comprehensive income for 2019- use one statement approach. (use table at page 4 to prepare the statement) Then answer the questions at answer sheet page No. 1