The equity section of Sheffield Inc. at January 1, 2022, was as follows. Share capital-ordinary $336,000 Accumulated other comprehensive income Unrealized holding gain on equity securities designated at fair value through other comprehensive income 56.000 Retained earnings 22,400 During the year, the company had the following transactions. 1. Issued 11,200 shares at $3 per share. 2. Dividends of $10,400 were declared and paid. 3. Net income for the year was $112,000. 4. Unrealized holding loss of $5,600 occurred on its equity securities designated at fair value through other comprehensive income. Prepare a statement of changes in equity for Sheffield Inc. Prepare a statement of changes in equity for Sheffield Inc. SHEFFIELD INC. Statement of Changes in Eq December 31.2022 Share Capital - Ordinary Beginning Balance $ 336000 Unrealized Loss on Equity Securities Designated at Fair Value Through Other Comprehensive Income 336000 Unrealized Gains on Eauity Securities Designated at Fair Value Through Other Comprehensive Income i Unrealized l oss on Fauity Securities Designated at Fair Value Through Other Comprehensive Income i Unrealized Gains on Eauity Securities Designated at Fair Value Through Other Comprehensive Income Ending Balance $ 369600 Prepare a statement of changes in equity for Sheffield Inc. SHEFFIELD INC. tement of Changes in Equity iber 31.2022 Share Capital - Ordinary Retained Earnings Accumulated Other Comprehensive Income Total Equity $ 336000 $ 22400 $ 56000 $ 414400 336000 i 336000 - 10400 i - 10400 i i 112000 112000 i -56000 -56000 $ 369600 $ 124000 $ 50400 $ 544000