Calculating Change in Total Equity

In the context of preparing the Statement of Changes in Equity, it is crucial to identify the various components that contribute to the changes in equity during a given period. Consider the following data for Company ABC over the year ending December 31, 2022:

• Beginning Share Capital: $500,000
• Ending Share Capital: $600,000
• Issuance of Common Stock: $100,000
• Preferred Dividends Paid: $20,000
• Net Income for the Year: $150,000
• Retained Earnings at the beginning: $200,000
• Ending Retained Earnings: $300,000

Based on this information, determine which of the following components would correctly represent the change in total equity over the year.