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About shareholders equity. Requirement 1 please. Holman Corp. has the following shareholders' equity information: Holman's constitution authorizes the company to issue 5,000 shares of 8%

About shareholders equity. Requirement 1 please.

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Holman Corp. has the following shareholders' equity information: Holman's constitution authorizes the company to issue 5,000 shares of 8% preference shares with par value of euro110 and 400,000 shares of no-par ordinary shares. The company issued 1,000 shares of the preference shares at euro110 per share. It issued 80,000 shares of the ordinary shares for a total of euro512,000. The company's retained earnings balance at the beginning of 20X6 was euro71,000, and net income for the year was euro92,000. During 20X6, Holman declared the specified dividend on preference and a euro0.60 per-share dividend on ordinary. Preference dividends for 20X5 were in arrears. Requirement prepare the shareholders' equity section of Holman corp.'s balance sheet at December 31, 20X6. Show the computation of all amounts journal entries are not required

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