These items are taken from the financial statements of Carla Vista Limited for the year ended December 31, 2024: Equipment 38,400 Income tax expense 6,960 Long-term investments 24,000 Retained earnings, January 1 40,800 Dividends declared 4,200 Service revenue 231,700 Depreciation expense 6,000 Insurance expense 2,900 Salaries expense 174,700 Utilities expense 4,400 Interest expense 0 a xn Additional information: 1. Carla Vista started the year with $30,000 of common shares and issued $24,000 more during the year. 2. Carla Vista must pay $42,100 of the mortgage payable next year in 2025 . CARLA VISTA LIMITED Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ $ $ ement of Changes in Equity