26 Waterway Limited has been authorized to issue 20,800 101 par value, 10%, non-cumulative preference shares and 1,132,566 no-par ordinary shares. The corporation assigned a 2.83 stated value to the ordinary shares. At December 31, 2017, the ledger contained the following balances pertaining to equity. Share Capital-Preference Share Premium-Preference Share Capital-Ordinary Share Premium-Ordinary 111,100 22,100 1,132,566 1,657,900 Treasury Shares-Ordinary (960 shares) Share Premium-Treasury Retained Earnings 9,600 960 81,500 The preference shares were issued for land having a fair value of 133,200. All ordinary shares issued were for cash. In November, 1,440 ordinary shares were purchased for the treasury at a per share cost of 10. In December, 480 treasury shares were sold for 12 per share. No dividends were declared in 2017. Prepare the equity section at December 31, 2017. WATERWAY LIMITED Statement of Financial Position (Partial)