2 Preparethe sharehddas' equity section of Oakwoods balance sheet at Dexcenter 31, 2016 SOLUTION OAKWOOD StatenodRetail mornings Forthe Year Fired Decenbar 31, 2016 Balanbecemb20 15originneported... $ 6,470,000 Addrigieriadjustmentrromderstating inventoriescembe 0 15.. $ 300,000 Less: Incomaceffect. (90,000 210,000 $ 6,680,000 Addencome.. 4 500,000 $11,180,000 Dehasdividends Opreferstolatequirath $4.5950 9%> od x100, OOQres. $ 450,000 Oicomnsoock . Ofeshafalx2, 480,000 shares 000, 0D00,020,090. 2,480,000,939,909 $8,250,000 N Sadidas Fqity Contributeghal Prefersto$ Cavalyocumulativevertible 600, GOfarauthorize0, OMarissuedd outstanding.. $ 5,000,000 CommtorS Qaval6 090,Sharauthorized 19. 09harare eligtreasury.... . . .." 25,000,000 Additionalcapitaprefersbock [100,000*$4($54-$5 400,000 Additionalcapitatomnstockchedlle.. 11,0 00 8,250,000 ............ lacombtedcapita adretainedearnings $49,700,000 Less: Commonstockintreasury, 190shares at cost $16 10,0020,0910, Off.... (160,900 Total Sharedcas Equity..." $49,540,000 Scheduledditidaall CapitaComnSback BalanbecemBl2015, $7,500,000