Presentation of Shareholders' Equity Steven's Restorations Ltd. was organized in January 2018. During 2018, Steven's engaged in the following shareholders' equity activities:

a. Secured approval for a corporate charter that authorizes Steven's to sell unlimited, no par common shares and 75,000, $100 stated value preferred shares.

b. Sold 480,000 of the common shares for $15 per share.

c. Sold 25,000 of the preferred shares for \(\$ 105\) per share.

d. Repurchased and cancelled 2,000 of the common shares at a cost of \(\$ 18\) per share.

e. Earned net income of \(\$ 107,000\).

f. Paid dividends of \(\$ 13,000\).
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Prepare the shareholders' equity portion of Steven's statement of financial position as of December 31, 2018 .
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