Presented below is information which relates to Pharoah Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Pharoah common shares Accumulated other comprehensive income, January 1, 2023 $414,000 780,000 32,000 456,000 209,000 58,000 16,500 On January 1, 2023, Pharoah had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Pharoah Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Pharoah's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Beginning Balance Correction of 2019 Depreciation Understatement, Net of Tax Beginning Balance as Adjusted Net Income Dividends Declared Other Comprehensive Income Issuance of Shares Ending Balance Common Shares Number 22000 22000 i 2000 Pharoah Company Statement of Shareholders' Eq For the Year Ended December 31, 202 +A $ 24000 $ +A Common Shares 550000 550000 28000 608000 +A Retained Earnings +A 780000 364800 Accumulated Other Comprehensive Income 16500 415200 16500 414000 32000 797200 CA +A Total 1352000 364800 1003700 i 414000 i 32000 209000 i 225500 209000 60000 +A $ 1654700