The Atrantic Refinery Corp, (ARC) bs a public company headquartered in St. John's. Newfoundiand On 31 December 205. the postclosing tital balance included the following accounts (in thousands of Canadlan dollars): The following transactions and events occurred during 206 : 8. Net income amounted to $47 million. b. The value of trademarks was written off after ARC lost a patent protection lawsult. c. An additional $1.5 million of convertible bonds was transferred from the debt portion to the equity portion: d. An accounting policy was changed duc to a new IFRS taking effect in 20x6: the effect of retrospective restatement was to reduce prior years earnings by an aggregate amount of $31 million. e. The future liability for site restoration was increased by $5 millon. 1. Common shares with a stated value of $15 million were repurchased on the open market for $20 million and cancelled. The issue pilce of the shares amounted to $18 million, of which $3 million had been credited to contitituted surplus. g. A new class of preferred shares was issued to a major pabtic sector pension plan for $85 million to finance future development. h. Dividends totalling $24 million were issued during the year. Of that amount, $6 million were declared on 24 Decemiter 206. payable to shareholders of recond on January 15,207. 1. The translated amount of ARC's investment in Mongollan subsidiary declined by $2 million die to a ise in the value of the Canadian dollar. Required: Prepare a statement of changes in equily for Allantic Refiney Cotp. for the year ended 31 December 20x6. (Enter snswer in thousand 5 , not in million or in whole Canadion dollars. Negotive amounts should be indicated by a minus sign.)