Question $2$: Statement of changes in equity.

Perfect Smile's financial statements were provided in question $1,$ however, the accounting software Perfect Smile uses does not

prepare a statement of changes in equity. The bookeeper has provided you with the activity details. Complete required a and $b.$

Your answers should be in the cells noted in blue.

The bookkeeper reported the following activities:

$7,800$ New common shares were issued at $$\frac{15}{?}$ share.

$54,900$ in preferred dividends for the year was declared and paid.

In early December $2023,$ a dividend of $$3\mathrm{.}50$ per share was declared on the common shares. The date of record and payment was

December $15,2023.$

Net income was reported by the company per the statement of income.

$1,000$ new common shares were issued at $$16\mathrm{.}25$ per share.

Required

a$.$ Use the table format below to track all of the changes in the shareholders' equity accounts in $2023.$

b$.$ Prepare the statement of changes in shareholders' equity for $2023$ and the shareholders' equity section of the statement of financial

position as at the end of $2023.($Hint: The statement of changes in shareholders' equity will be similar to the table from part $"$a$"$ but similar

transactions, such as dividends, will be grouped into one line.$)$