The Goody Shop Ltd.'s partial unadjusted trial balance amounts (prior to recording the adjusting journal entry to update Inventory) appear as follows on November 30, 2020, the E of its scal year: Accounts payable $26,000 Income tax payable $25,000 Accounts receivable $13,000 Interest expense $5,000 Accumulated depreciation Buildings Administrative expenses Allowance for doubtful accounts $15,000 Land $85,000 $96,000 Mortgage payable $33,000 $1,500 Property tax expense Buildings $150,000 Property tax payable Cash $8,000 Rent expense Cost of goods sold (COGS) $550,000 Retained earnings $79,000 Common shares $22,000 Sales $750,000 Depreciation expense $7,000 Sales discounts $20,000 Dividends Freight payable Selling expenses Freight out Telephone expense GST payable Unearned revenue Income tax expense Additional information: $12,000 Utilities expense $4,000 1. The Goody Shop uses a perpetual inventory system. 2. A physical inventory count determined that inventory on November 30, 2020 was $27,000. 3. Assume that $10,000 of the mortgage payable will be paid in the next scal year. 4 Assume that 2,000 common shares with a total value of $2,000 were issued in the current scal year. b) Prepare a Statement of Changes in Equity in good form. Please use the next page or a new blank page. (7 marks)