Tigers Ltd. reported the following balances at January 1, 2020: Common shares..... $370,000 Preferred shares..... 100,000 Contributed surplus 45,000 Retained earnings....... 70,000 Accumulated other comprehensive income........ 71,000 Pre-tax cumulative effect of change from straight-line to accelerated depreciation...... 45,000 During the year, Tigers earned net income of $310,000. Generated other comprehensive income of $64,000. Dividend of $108,500 was declared. Tigers issued $200,000 of common shares. $50,000 of preferred shares were redeemed. The marginal income tax rate is 25%. Instructions With proper format, prepare a statement of changes in shareholders' equity for the year ended December 31, 2020