Gary Company reported the following amounts in the equity section of its Dec. 31,2020, statement of financial position.

Share capital – Preference, 8%, 100 par (10,000 shares authorized, 2,000 200,000
shares issued)
Share capital – Ordinary, P5 par (100,000 shares authorized, 20,000 shares 100,000
issued)
Share premium 125,000
Retained earnings 450,000
Total 875,000

During 2021, Gary took part in the following transactions concerning equity.
1. Paid the annual 2020 P8 per share dividend on preference shares and a P2 per share dividend on ordinary shares. These dividends had
been declared on Dec. 31,2020.
2. Purchase 2,700 shares of its own outstanding ordinary shares for P40 per share. Gary uses the cost method.
3. Reissued 700 treasury shares for land valued at 30,000
4. Issues 500 preference shares at P105 per share.
5. Declared a 10% share dividend on the outstanding ordinary shares when the shares are selling for P45 share.
6. Issue the share dividend
7. Declared the annual 2021 P8 per share dividend on preference shares and the P2 per share dividend on ordinary shares. These dividends
are payable in 2022.
8. Profit for 2021 is 330,000

Required: Prepare a statement of changes in equity