The equity section of XYZ Corporations balance sheet at January 1, 2020, showed the following information.

Share capital ordinary $500,000 Share capital preference 250,000 Retained earnings 150,000 Total equity 900,000 XYZ Corporations comprehensive income for the year ended 31 December 2020 was $150,000. During the year, XYZ Corporation completed the following transactions. (a) Issued 20,000 ordinary shares at $5 per share. (b) Repurchased all the preference shares. (c) Paid a $20,000 dividend on ordinary shares.

Required Prepare a statement of changes in equity for XYZ Corporation for the year ended 31 December 2020.