ANSWER THE QUESTION

QUESTION 2 [5 MARKS] The following equity accounts are in the ledger of Barakah Corporation on December 31, 2021. Particular Retained Earnings Share Premium -Ordinary Share Premium - Preference Treasury Shares Share capital-Ordinary (AED) par, 800,000 shares authorized, 600,000 shares issued) Share Capital-Preference-8%, AED 100 par AED 1,250,000 1,800,000 600,000 812,500 3,000,000 6,000,000 REQUIRED: Prepare the stockholders' equity section of the statement of financial position for Barakah Corporation ended 31 December 2021