A company issued 350,000 ordinary shares at a price of $8 per share, knowing that the par value was $1. After the issuance process, it became clear from the company's charter that there were still 650,000 ordinary shares allowed to be issued in the future. The company also issued 15,000 preferred shares out of the 20,000 shares allowed to be issued. The par value of the preferred share was $300 and its issuance price was $400. The balance of retained earnings was $1,700,000. In addition, the company recorded a foreign currency translation of $29,000. Calculate the Equity section of a balance sheet

A company issued 350,000 ordinary shares at a price of $8 per share, knowing that the par value was $1. After the issuance process, it became clear from the company's charter that there were still 650,000 ordinary shares allowed to be issued in the future. The company also issued 15,000 preferred shares out of the 20,000 shares allowed to be issued. The par value of the preferred share was $300 and its issuance price was $400. The balance of retained earnings was $1,700,000. In addition, the company recorded a toreign cuffency transtation of $29,000