Change in Equity for Tech Innovations Inc.

During the fiscal year, Tech Innovations Inc. reported several significant transactions that impacted its equity. The company issued 1,000 shares at $50 each, resulting in a total increase in share capital. Additionally, the company declared and paid dividends amounting to $20,000, and net income for the year was reported as $100,000. The retained earnings at the beginning of the year were $150,000.

Given these transactions, which of the following statements accurately reflects the change in equity as reported in the Statement of Changes in Equity?