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Make a statement of changes in equity of maria incorporated

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Maria Incorporated was established in 2018. The Corporation issued 100,000, ?20 par value shares of stocks at an issue price of ?25. On May 1, 2019, the corporation issued 20,000 new shares at an issue price of ?30 per share. The corporation reported a net income of ?356,785 and ?425,000 in 2018 and 2019, respectively. Dividends of ?2 per share were declared and distributed to shareholders on March 31, 2019. There were no dividends distributed on the first year of operation of the corporation.

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Problem 1: Make a Statement of Changes in Equity of Maria Incorporated for the year 2019.

Reference no: EM133009505

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