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Context Corporation reports the following components of shareholders equity on December 31, 2015.

Share CapitalOrdinary, $25 par value, 100,000 shares authorized, 40,000 shares issued and outstanding	$	1,000,000
Share PremiumOrdinary		70,000
Retained earnings		430,000
Total shareholders' equity	$	1,500,000

In year 2016, the following transactions affected its shareholders equity accounts.
Jan.	1		Purchased 4,000 of its own shares at $15 cash per share.
Jan.	5		Directors declared a $2 per share cash dividend payable on February 28 to the February 5 shareholders of record.
Feb.	28		Paid the dividend declared on January 5.
July	6		Sold 1,500 of its treasury shares at $19 cash per share.
Aug.	22		Sold 2,500 of its treasury shares at $12 cash per share.
Sept.	5		Directors declared a $2 per share cash dividend payable on October 28 to the September 25 shareholders of record.
Oct.	28		Paid the dividend declared on September 5.
Dec.	31		Closed the $408,000 credit balance (from net profit) in the Income Summary account to Retained Earnings. 2. Prepare a statement of changes in equity for the year ended December 31, 2016. (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) CONTEXT CORPORATION Statement of Changes in Equity For Year Ended December 31, 2016 $ Share Capital Share Premium Retained Earnings Total Equity

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