Requirement Prepare Country Air Mall's statement of changes in shareholders' equity for 2017. Country Air Mall Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2017 Common Retained Shares Earnings Total Balance Dec. 31, 2016 e Stock dividend Issuance of common shares Net income Cash dividends Balance Dec 31, 2017 Enter any number in the edit fields and then continue to the next question. ement 1 Shareholders' Equity report X y Air ges in ded D Common shares, 500,000 shares authorized, 300,000 shares issued. $ 810,000 Eomma 630,000 Retained earnings Shared $ 1,440,000 Print Done Transactions X a. Declared and issued a 6% stock dividend on the outstanding shares. At the time, Country Air Mall shares were quoted at a market price of $9 per share. b. Issued 25,000 common shares at the price of $13 per share. c. Net income for the year, $390,000. d. Declared cash dividends of $120.000 Print Done