Presented below is information which relates to Sandhill Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020.

Net income $449,000

Retained earnings, January 1, 2020 785,000

Cash dividends declared on common shares 35,000

Correction of calculation error depreciation understatement in 2016 (pre-tax) 471,000

Gain on FV-OCI investments (net of tax)

207,000

Proceeds from issuance of Sandhill common shares 56,000

Accumulated other comprehensive income, January 1, 2020

17,000

On January 1, 2020, Sandhill had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Sandhill Company issued an additional 2,000 common shares.

Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Sandhill's income tax rate is 20%. (Enter expenses and losses using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)