Statement of Changes in Equity
Tote Ltd During the Year Tote Earned Net Income of $310,000 and Balances

Statement of changes in equity
Tote Ltd. reported the following balances at January 1, 2020:
$\begin{array}{llcc} \text { Common shares................................................................ } &\$370,000 \\ \text { Retained earnings............................................................. } &70,000\\ \text {Accumulated other comprehensive income......................... } &71,000\\\end{array}$
During the year Tote earned net income of $310,000 and generated other comprehensive income of $64,000.
Instructions
Prepare a statement of shareholders' equity for the year ended December 31, 2020.

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