The equity accounts of Bridgeport Corp. as at January 1, 2020, were as follows: Retained earnings, January 1, 2020 Common shares Preferred shares Contributed surplus Accumulated other comprehensive income $ 231,500 600,000 250,000 299,000 525,000 During 2020, the following transactions took place: $48,000 82,000 Adjustment to correct error in prior years (gain net of tax $20,000) Unrealized gains on FV-OCl equity investments (net of tax $34,000) Dividends: Common shares Preferred shares Issue of equity: Common shares Preferred shares Net income 120,000 62,000 299,000 5,000 324,000 Prepare a statement of changes in equity for the year ended December 31, 2020. The company follows IFRS. Assume that equity investments are accounted for as FV-OCl investments, with gains/losses not recycled through net income. Br Statemen Preferred Shares Common Shares Beginning Balance Adjustment to correct prior error (net of tax of $20,000) Beginning Balance, as adjusted Comprehensive Income: Net income Other comprehensive income Dividends to shareholders: Preferred Common Issue of equity: Preferred shares Common shares Ending Balance $ TA Contr. Surplus Retained Earnings Acc. Other Comp. Income Total