1. Preparation of the Shareholders' Equity Section of a Statement of Financial Position ( 20 pts.) The Trial balance of T. Cayanan Corporation as of Dec. 31, 2021, contained the following selected balances: P4,000,000 60,000 6,000,000 17% Notes Payable, due May 1, 2021 Allowance for Uncollectible Accounts Ordinary Shares, no-par, P20 stated value; 300,000 shares authorized, issued, and outstanding Retained Earnings-Unappropriated Cash Dividends Payable (declared Dec. 15 on preference shares) Appropriation for Pending Litigation 6% Preference Shares, P200 par, 3,000 shares authorized, issued and outstanding Donated Capital Share Premium-Preference 500,000 14,000 600,000 600,000 400,000 10,000 Required: Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2021. 1. Preparation of the Shareholders' Equity Section of a Statement of Financial Position ( 20 pts.) The Trial balance of T. Cayanan Corporation as of Dec. 31, 2021, contained the following selected balances: P4,000,000 60,000 6,000,000 17% Notes Payable, due May 1, 2021 Allowance for Uncollectible Accounts Ordinary Shares, no-par, P20 stated value; 300,000 shares authorized, issued, and outstanding Retained Earnings-Unappropriated Cash Dividends Payable (declared Dec. 15 on preference shares) Appropriation for Pending Litigation 6% Preference Shares, P200 par, 3,000 shares authorized, issued and outstanding Donated Capital Share Premium-Preference 500,000 14,000 600,000 600,000 400,000 10,000 Required: Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2021