Banner Publications was organized early in 2008 with authorization to issue 10,000 preference shares of $100 par value and 1 million ordinary shares of $1 par value. All the preference shares were issued at par, and 400,000 ordinary shares were sold for $15 per share. The preference shares pay a 10 percent noncumulative dividend. During the first five years of operations (2008 through 2012) the corporation earned a total of $4,100,000 and paid dividends of $.80 per share each year on the ordinary shares. In 2013, however, the corporation reported a loss of $1,100,000 and paid no dividends. a. Prepare the shareholders' equity section of the statement of financial position at 31 December 2013 Include a supporting schedule showing your computation of retained earnings at end of reporting period. (Hint: Income increases retained earnings, whereas dividends and losses decrease retained earnings.) (Input all amounts as positive values. Omit the "$" sign in your response.) BANNER PUBLICATIONS Partial Statement of Financial Position December 31, 2013 Shareholders' equity: (Click to select) (Click to select) (Click to select) Total paid-in capital Retained earnings (Click to select) $ (Click to select) (Click to select) $ Retained earnings, December 2012 (Click to select) of 2013 Retained earnings, December 31, 2013 Total shareholders' equity