Sandhill Pictures Inc. reported net income of $$96,360$ and declared and paid dividends of $$22,320$ during the year. The opening retained earnings and share capital on January $1$ was $$15,200$ and $$50,000,$ respectively. Prepare a statement of changes in equity for Sandhill Pictures Inc as at December $31.$ Assume no shares were issued during the year. $($List items that increase owner's equity first.$)$SANDHILL PICTURES INC.

Statement of Changes in Equity

For the Month Ending December $31,$ xxxx $vv$

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