Presented below is information which relates to Sandhill Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2017. Net income Retained earnings, January 1, 2017 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2013 (pre-tax) Gain from foreign currency transactions (net of tax) Proceeds from issuance of Sandhill common shares Accumulated other comprehensive income, January 1, 2017 $416,000 781,000 34,000 465,000 202,000 59,000 17,000 On January 1, 2017, Sandhill had 20,300 common shares outstanding with a capital balance of $507,500. During the year, Sandhill Company issued an additional 2,800 common shares. Prepare in good form a statement of changes in equity for 2017. The tax rate is 25%. (Enter expenses and losses using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Sandhill Company Statement of Shareholders' Equity For the year ended December 31, 2017 Common Shares Number Common Shares Retained Earnings Accumulated Other Comprehensive Income Total Beginning balance 20300 507500 781000 17000 1305500 $1 $ x x x X Dividends declared Other comprehensive income IDOL Issuance of shares 2800 59000 Ending balance 23100 566500