The Atlantic Refinery Corp. (ARC) is a public company headquartered in St. John's, Newfoundland. On 31 December 205, the postclosing trial balance included the following accounts (in thousands of Canadian dollars): The following transactions and events occurred during 206 : a. Net income amounted to $47 million. b. The value of trademarks was written off after ARC lost a potent protection lowsuit. c. An additional $1.3 million of convertibie bonds was transferred from the debt portion to the equity portion. d. An accounting policy was changed due to a new IFRS taking effect in 20x6; the effect of retrospective restatement was to reduce prior years' earnings by an aggregate amount of $45 milition. e. The future liability for site restoration was increased by $5 million. f. Common shares with a stated value of $16 milion were repurchased on the open markot for $23 milion and cancelled. The issue price of the shares amounted to $20 million, of which $4 milion had boen credited to contributed surplus. 9. A new class of preferred shares was issued to a major public sector pension plan for $76 milion to finance future development. h. Dividends totalling $29 million were issued during the year. Or that amount, $4 milion were declared on 24 December 206, payable to shareholders of record on January 15,207. 1. The translated amount of ARC's investment in Mongolian subsidiary decined by $3 million due to a rise in the value of the Canadian dollar, Required: Prepare a statement of changes in equity for Attantic Refinery Corp. for the year ended 31 December 20x6. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.) price of the shares amounted to $20 million, of which $4 million had been credited to contributed surplus. 9. A new class of preferred shares was issued to a major public sector pension plan for $76 million to finance future development. h. Dividends totalling $29 million were issued during the year. Of that amount, $4 miltion were declared on 24 December 206, payable to shareholders of record on January 15,207. 1. The translated amount of ARC's investment in Mangolian subsidiary declined by $3 million due to a rise in the value of the Canadian dollar. Required: Prepare a statement of changes in equity for Atlantic Refinery Corp. for the year ended 31 December 20X6. (Enter answer in thousands, not in million or in whole Canadian dollars. Negative amounts should be indicated by a minus sign.)