1. Amna trading Company has the following data:
2. AED 2, Preferred Stock, par value AED 10 (authorized to issue 30,000 shares).
3. During 2016, the company issued 15,000 shares of preferred stock at AED 12 per share.
4. Common Stock, par value AED 10 (authorized to issue 200,000 shares).
5. They issued 150,000 shares of common stock at AED 13 per share.
6. In November 2016, the Board of Directors declared and paid dividends of AED 4 per share to common shareholders.
7. The net income for the year 2016 was AED 600,000 and the retained earnings as on 1st January 2016, was AED 160,000.

prepare a shareholder equity section