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Rainy Day Umbrella Corporation had the following balances at December 31, 2022 (all amounts in thousands): preferred shares; $3,375; common shares, $8,903; contributed surplus, $3,744;

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Rainy Day Umbrella Corporation had the following balances at December 31, 2022 (all amounts in thousands): preferred shares; $3,375; common shares, $8,903; contributed surplus, $3,744; retained earnings, $23,040; and accumulated other comprehensive income, $2,568, During the year ended December 31, 2023, the company earned net income of $7,320,000, generated an unrealized hoiding gain on FV-OCl investments of $585,000, sold common shares of $285,000, and paid out dividends of $30,000 to preferred shareholders and $20,000 to common shareholders. (a1) Prepare a statement of changes in equity for the year ended December 31,2023. (Enter amounts in thousands) Prepare a statement of changes in equity for the year ended December 31, 2023. (Enter amounts in thousands.) Question 4 of 11 Rainy Day Umbrella Corporation Statement of Changes in Equity (in thousands) For the Year Ended December 31, 2023 Other comprehensive income Unrealized Holding Gain Dividends to shareholders: Preferred Common Issue of Common shares Ending Balance Prepare the shareholders' equity section of the Rainy Day Umbrella statement of financial position as at December 31,2023. Gains/losses on FV-OCl investments are not recycled through net income. (Enter amounts in thousands.)

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