7 EQUITY SECTION The following accounts appear in the ledger of Tiger Ltd. after the books are closed at December 31. Share Capital-Ord, 1 stated, 400,000 authorized; 300,000 issued..... Ordinary Share Dividends Distributable........ Share Premium-Ordinary......... Share Capital-Preference, 5 par value, 8%, 40,000 authorized; 30,000 issued. Retained Earnings....... Treasury Shares (10,000 shares).. Share Premium-Preference..... Based on the above-given information, prepare the equity section on December 31, ..... 300,000 ....30,000 1,200,000 150,000 800,000 .65,000 50,000