The equity accounts ofRiverbedCorp. as at January 1, 2020, were as follows:

Retained earnings, January 1, 2020$237,000Common shares600,000Preferred shares250,000Contributed surplus306,000Accumulated other comprehensive income525,000

During 2020, the following transactions took place:

Adjustment to correct error in prior years (gain net of tax $20,000)$48,000Unrealized gains on FV-OCI equity investments (net of tax $34,000)82,000Dividends:Common shares120,000Preferred shares62,000Issue of equity:Common shares306,000Preferred shares5,000Net income346,000

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-OCI investments, with gains/losses not recycled through net income.