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Question 1 ( 0.0001 points) Sunshine Corporation had the following balances at December 31,2023 (in thousands) preferted shares $3,012, common shares $4,718; contributed surplus $1,750,
Question 1 ( 0.0001 points) Sunshine Corporation had the following balances at December 31,2023 (in thousands) preferted shares $3,012, common shares $4,718; contributed surplus $1,750, retained earnings $16,791, and accumulated other comprehensive income $514 During the year ended December 31,2023 , the company earned net income of $3,613,000, sold common shares of $30,000, and paid out dividends of $14,000 and $5,000 to preferred and common shareholders, respectively. Instructions Prepare a statement of changes in equity for the year ended December 31,2023 , as well as the shareholders' equity section of the Sunshine Corporation balance sheet as at December 31,2023
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