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The Duffy Dog Limited reported the following changes to its shareholders equity accounts for the year ended December 31, 2018. Accumulated other comprehensive income: Retained
The Duffy Dog Limited reported the following changes to its shareholders equity accounts for the year ended December 31, 2018.
Accumulated other comprehensive income: | Retained earnings: | ||||||||
Balance, Jan. 1 | $93,000 | Balance, Jan. 1 | $1,572,000 | ||||||
Other comprehensive income | (23,000 | ) | Net income | 413,000 | |||||
Balance, Dec. 31 | $70,000 | Dividends declared | (76,000 | ) | |||||
Contibuted surplus: | Balance, Dec. 31 | $1,909,000 | |||||||
Balance, Jan. 1 | $594,000 | Common shares: | |||||||
Common shares reaquired | (39,000 | ) | Balance, Jan. 1 | $819,000 | |||||
Balance, Dec. 31 | $555,000 | Shares issued | 195,000 | ||||||
Shares reacquired | (195,000 | ) | |||||||
Balance, Dec. 31 | $819,000 |
Prepare a statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) THE DUFFYDOG LIMITED Statement of Changes in Equity Accumulated Other Comprehensive Income Common Shares Contributed Surplus Retained Earnings Total Balance Jan. 1 A Issued common shares Common shares reacquired Net income Dividends declared Other comprehensive income Balance Dec. 31
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