4 of 5 View Policies Current Attempt in Progress .../50 E Culver Limited was organized on January 1, 2020. It is authorized to issue 15,000 8%, HK$1,000 par value preference shares, and 520,000 no-par ordinary shares with a stated value of HK$20 per share. The following share transactions were completed during the first year. Issued 79,000 ordinary shares for cash at HK$48 per share. Jan. 10 Mar. 1 Issued 4,700 preference shares for cash at HK$1,050 per share. Apr. 1 Issued 17,000 ordinary shares for land. The asking price of the land was HK$993,000. The fair value of the land was HK$933,000. May 1 Issued 76,500 shares of ordinary shares for cash at HK$43 per share. Aug. Sept. 1 Nov. 1 Issued 11,000 ordinary shares to attorneys in payment of their bill of HK$337,000 for services provided in helping the company organize. Issued 10,500 ordinary shares for cash at HK$51 per share. Issued 2,000 preference shares for cash at HK$1,060 per share. (c) Prepare the share capital section of the statement of financial position at December 31, 2020. CULVER LIMITED Statement of Financial Position (Partial) December 31, 2020 Equity Total Equity eTextbook and Media eTextbook HK$ HK$ Assistance Used