Using the information provided below prepare a statement of changes in equity of company Brave for the year ended 31 December 20X1 (ignore comparative information for the year ended 31 December 20X0 for simplicity, round to the nearest million): Closing balances of equity accounts at 31 December20X0 were as follows: - share capital 25 million ALL - share premium 5 million ALL - otherreserves 10 million ALL - retained earnings 62 million ALL In 20X1 the company changed accounting policies for valuation of inventories which resulted in an increase in retained earnings of 4 million ALL. In addition the following items were identified during preparation of the 31 December 2004 financial statements: - carrying amount of the companys building was increased by 16 million ALL; - allowanceprovision for doubtful accounts was increased by 8 million ALL; - foreign exchange difference of 12 million ALL was calculated on translation of financial statements of a subsidiary of the company. In 20X1 shareholders approved distribution of dividends amounting to 32 million ALL, however, these dividends have not been fully paid by the balance sheet date. In 20X1 new shares were subscribed to the companys shareholder at nominal value of 4 million ALL. Shareholders also approved an increase of share capital from retained earnings by 3 million ALL. Management of the company proposed dividends for 20X1 the total amount of 18 million ALL, which equals to the net profit achieved by the company in 20X1.