During the fiscal year 2023, Global Tech Corp recorded several transactions affecting its equity. The following events took place:

• The company issued new shares amounting to $250,000.
• Repurchased shares totaling $50,000.
• Retained earnings increased by $100,000 due to net income.
• Declared and paid dividends of $20,000.

Based on these transactions, which of the following correctly reflects the net change in equity for Global Tech Corp during fiscal year 2023 as presented in the Statement of Changes in Equity?