Understanding Changes in Equity

XYZ Corporation is preparing its annual financial statements for the year ended December 31, 2023. The company has the following relevant information:

- Beginning retained earnings: $500,000

- Net income for the year: $300,000

- Dividends declared and paid: $100,000

- Issuance of new shares: $150,000

- Share repurchase: $50,000

- Other comprehensive income for the year: $20,000.

Based on this information, what is not correctly represented in the Statement of Changes in Equity for the year?