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Presented below is information which relates to Wildhorse Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020. Net income Retained earnings, January 1, 2020 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2016 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Wildhorse common shares Accumulated other comprehensive income, January 1, 2020 $422.000 800,000 32,000 457.000 208.000 65,000 17.500 On January 1, 2020, Wildhorse had 20,000 common shares outstanding with a capital balance of $500,000. During the year, Wildhorse Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Wildhorse's income tax rate is 20%. (Enter expenses and losses using either a negative sign preceding the number eg.-25 or parentheses e-g. (25).) Wildhorse Company Statement of Shareholders'Ed For the year ended December 31, 20 Common Shares Number Common Shares 20000 500000 Beginning balance Net income Correction of 2016 depreciation understatement, net of tax Beginning balance as adjusted 20000 500000 Dividends declared . Other comprehensive income Issuance of shares 65000 Ending balance 22000 $ 565000 Wildhorse Company ement of Shareholders' Equity year ended December 31, 2020 Common Shares Retained Earnings Accumulated Other Comprehensive Income Total 500000 $ 800000 17500 1337500 422000 422000 (365600) (365600) 500000 856400 17500 1393900 132000 15200 i 208000 20OOO 65000 67000 Boe $ $ 1636900

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