Reference no: EM132572947
Question - The company Estampados SAA begins operations for the 2019 financial year with the following balances for its equity items:
Capital stock 1,200,000
Additional capital 800,000
Legal reserve 184,000
Statutory Reserve 246,000
Accumulated Results 920,000
During the year 2020 the following operations take place:
1. On January 15, the general meeting of shareholders decides to distribute cash profits for S /. 350,000.
2. On July 30, the company capitalizes a debt payable of S /. 175,000.
3. On September 29, the company distributes dividends in shares for S /. 300,000.
4. As of December 31, the net profit for the year 2020 amounts to S /. 450,000.
5. On December 31, the company withdraws the Legal Reserve.
Required - Make the Statement of Changes in the Company's Equity for the financial year 2020?