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oK weve just completed the income statement for sherry shuttles in this video were gonna go through the statement of changes in equity so the statement of changes in equity just says how did our shareholders equity change during their how did the accounts classified as Cheryls equity accounts change during the year and to do it we are gonna need a three line title so lets just start with our title very similar to that of the income statement so the income statement sherry shuttles English name for the year ended December 31st 2020 for the statement of changes in equity were gonna say sherry shuttles statement of changes in equity for the year ended December 31st 2024 so exactly the same name of the company Sherrys shuttles name of the financial statement statement of changes in equity its good also we call the statement of changes in shareholders equity and a very similar related statement that you might see in your intro accounting textbook is statement of retained earnings bu