Prepare a statement of changes in equity for 2012 using IFRS.

(McEquity Corporation Essay),1. Prepare a statement of changes in equity for 2012 using IFRS.2. Provide a two-page essay on:a. Presentation differences that there might be in the statement of stockholders’ equity if McEquity Corporation reported using U.S. GAAP.b. Recommendations for what you think should be converged in U.S. GAAP and IFRS Equity presentation standards and why?