Details relating to balances for the equity accounts of Intravalue Corporation, and
changes to those balances are outlined in the following table. Note that AOCI is
accumulated other comprehensive income.
Balance or Changes
Amount ($000s)
Common shares, 2024, January 1
50,000
Retained earnings, 2024, January 1
39,000
Contributed surplus, 2024, January 1
15,000
AOCI, 2024, January 1
900
Net income, 2024
11,500
Other comprehensive income, 2024
250
Dividends declared and paid in 2024
900
Sale of common shares in 2024
17,000
Required:
Prepare a statement of changes in equity for the year ended December 31, 2024