Question 33 (10 points) ACME Incorporated had the following balances for its equity accounts on the company's audited statement of financial position at December 31, 2019: Shareholder's Equity Paid in on capital shares Preferred [8%, cumulative, 30,000 authorized, issued & outstanding $ 300,000 Common (unlimited authorized, 550,000 issued & outstanding] 865,000 Contributed surplus 216,250 $ 1,381,250 Retained earnings 432,500 Accumulated other comprehensive income 216,250 Total shareholder's equity $ 2,030,000 Information for 2020: Net income was $ 350,000 Gain on disposal of bonds 135,000 Dividends declared and paid on preferred shares 15,000 Issued 3,000 common shares 5,000 Foreign translation gain on subsidiary 87,500 Comprehensive income 262,500 Required: Prepare ACME's statement of changes in equity at December 31, 2020 in good form. (10 marks)