3)

The following accounts appear in the ledger of Elkhardt Inc. after the books are closed at December 31, 2021: $41,710 645,000 77,400 Accumulated other comprehensive income Common shares (unlimited number of shares authorized, 215,000 shares issued) Stock dividends distributable Contributed surplus Preferred shares ($1.4 noncumulative, 86,000 shares authorized 8,600 shares issued) Retained earnings (of which $262.400 is restricted for a plant expansion) 52,460 215.000 1,152,400 Prepare the shareholders' equity section of Elkhardt's statement of financial position, including anyrequired note disclosure. (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.3. (45).) ELKHARDT INC. Statement of Financial Position (Partial) Prepare the shareholders' equity section of Elkhardt's statement of financial position, including anyrequired note disclosure. (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).) ELKHARDT INC. Statement of Financial Position (Partial) $ $