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View Policies Current Attempt in Progress Flint Umbrella Corporation had the following balances at December 31, 2019 (all amounts in thousands): preferred shares, $3,090; common

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View Policies Current Attempt in Progress Flint Umbrella Corporation had the following balances at December 31, 2019 (all amounts in thousands): preferred shares, $3,090; common shares, $ 7,848; contributed surplus $3,420; retained earnings. $ 20,451; and accumulated other comprehensive Income, 2.457 During the year ended December 31, 2020, the company earned net income of $ 6,425,000, generated an unrealized holding gain on FV OC investments of $ 506,000, sold common shares of $ 261.000, and paid out dividends of $ 30.000 and $ 20,000 to preferred and common shareholders, respectively. Gains/losses on FV-OCI investments are not recycled through net income. (1) Prepare a statement of changes in equity for the year ended December 31, 2020 (Enter amounts in thousands. Round answers to o decimal places, eg,5,275.) Flint Umbrella Corporation Statement of Changes in Equity (in thousands) For the Year Ended December 31, 2020

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