Abdullah Corporation has the following equity balances at the start of the year:

Share capitalpreference	$300,000
Share capitalordinary, $10 par value	400,000
Share premiumordinary	110,000
Retained earnings	440,000
Less: Treasury sharesordinary (65,000 shares) NOTE	65,000
Total equity	$1,185,000

NOTE: Retained earnings is restricted for the cost of treasury shares, $65,000.

The following transactions took place during the year: 1. A total cash dividend of 90,000 was declared and payable to shareholders of record. 2. A 20% ordinary share dividend was declared. The fair value of the ordinary shares is 18 at the time of declaration. 3. Net income for the year was 150,000.

4. The company sold 15,000 treasury shares at cost.

Prepare the equity section for Abdullah Corporation at the end of the year by inserting the missing account names / values at A - F below. All of the information given above must be incorporated. You must use the correct account titles to earn the marks.

Share capitalpreference	$300,000
Share capitalordinary, $10 par value	400,000
[A]	[B]
Share premiumordinary	[C]
Retained earnings	[D]
Less: Treasury sharesordinary (50,000 shares)	[E]
Total equity	[F]