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Question 3 -(7 Marks) Tot Ltd. reported the following balances at January 1, 2014: Common shares Retained earnings. Accumulated other comprehensive income $420,000 30,000 58,000

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Question 3 -(7 Marks) Tot Ltd. reported the following balances at January 1, 2014: Common shares Retained earnings. Accumulated other comprehensive income $420,000 30,000 58,000 During the year Tote eamed net income of $200,000 and generated other comprehensive income of $70,000. Instructions Prepare a statement of shareholders' equity for the year ended December 31, 2014

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