The Statement of Changes in Equity of Amir Enterprises for the year ended 30 June 2014 is given below: Share Share Revaluation Revenue Retained Total capital premium reserve reserve earnings $ $ $ $ $ $ Balance at 1 July 2013 100,000 35,000 9,860 10,200 2,580 157,640 Changes in equity for 2014 Proceed from share issue Equity dividends paid 50,000 10,000 60,000 (3,250) (3,250) Total comprehensive income for the year Revaluation on property 26,600 26,600 30,000 --- --- 30,000 Transfer to general reserve 2,500 (2,500). Balance at 30 June 2014 150,000 45,000 39,860 12,700 23,430 270,990 REQUIRED: Based on the Statement of Changes in Equity, explain how the equity balance increases during the financial year.