These financial statement items are for Cullumber Corporation at year end, July 31, 2021: $32,500 49,200 12,000 $1,800 1,500 15,000 Operating expenses Salaries expense Deferred revenue Utilities expense Equipment Accounts payable Service revenue 2,800 3,600 48,200 17,940 4,720 Interest payable Supplies expense Dividends declared Depreciation expense Retained earnings, August 1, 2020 Rent expense Income tax expense Supplies Trading investments Bank loan payable (due December 31, 2021) Interest expense 12,000 112,600 6,000 Rent revenue 18,500 2,500 Common shares 25,500 5,760 25,000 26,800 Cash Accounts receivable 20.100 1,700 Accumulated depreciation equipment 6,000 Additional information: Cullumber started the year with $19,000 of common shares and issued additional shares for $6,500 during the year. Prepare statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CULLUMBER CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ $ $ $ $ $