Thank you.

4 Question 3 (Statement of shareholders\" equity)

Question 3 (Statement of shareholders' equity Below is the statement of shareholder's equity of Kenobi Ltd.. Shareholders ' equitye Preference share capital (2,000 shares)e Ordinary share capital (5,500 shares)le Retained profitse Total shareholders ' equitye The following transactions happen during 2020:e December 31, 2019e $98,000 120,000 450,000 668,000 (a) Apr 3: Issuance of ordinary shares 1,200 shares @ $30 per share (b) June 9: Repurchase 750 shares of preference share at $42 per share, out of share capital (c) Dec 13: Issue 4 bonus ordinary shares for each 10 ordinary shares. The company has decided to capitalize 1/5 of its retained profits for this bonus share issuance.e (d) Net income is $92,400 for the year. Required: Prepare the Statement of Changes of Shareholders' Equity and Statement of Shareholders' Equity for year 2020.