Need help preparing statement of shareholder\'s equity section for statement of

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Need help preparing statement of shareholder's equity section for statement of financial position.

Exercise 11-9 The following accounts appear in the ledger of Ozabal Inc. after the books are closed at December 31, 2015 Accumulated other comprehensive loss Common shares (unlimited number of shares authorized, 250,400 shares issued) Stock dividends distributable Additional contributed capital Preferred shares ($1.25 noncumulative, 111,800 shares authorized, 10,230 shares issued) Retained earnings (of which $111,800 is restricted for a plant expansion) $50,660 500,800 51,880 25,610 255,750 909,800 Prepare the shareholders' equity section of Ozabal's statement of financial position. (Enter account name only and do not provide descriptive information. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)

Explanation / Answer

Ozabal Inc. Statement of Financial Positinon ( Partial) Dec 31,2015 Particular Amount Amount Shareholder's Equity Contributed Capital Share Capital Preffered Share $255,750 Common Shares $500,800 Common Stock Dividend Distributable $51,880 Total Contributed Capital $808,430 Additional Contributed Capital $25,610 Total Contributed Capital & Additional Contributed Capital $834,040 Retained Earning $909,800 Accumulated other Comprehensive Loss -$50,660 Total Shareholder's Equity $1,693,180

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