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Tote Ltd. reported the following balances at January 1, 2014 : Common shares $420,000 Retained earnings 30,000 Accumulated other comprehensive income 58,000 During the year

Tote Ltd. reported the following balances at January 1, 2014

: Common shares $420,000

Retained earnings 30,000

Accumulated other comprehensive income 58,000

During the year Tote earned net income of $200,000 and generated other comprehensive income of $70,000.

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Prepare a statement of shareholders equity for the year ended December 31, 2014.

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