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Blossom SA reported the following balances at December 31,2019: share capital-ordinary 550.000, share premium-ordinary 135.000, and retained earnings 315,000. During 2020, the following transactions
Blossom SA reported the following balances at December 31,2019: share capital-ordinary 550.000, share premium-ordinary 135.000, and retained earnings 315,000. During 2020, the following transactions affected equity. 1. Issued preference shares with a par value of 129,000 for 226,000. 2. Purchased treasury shares (ordinary) for 41,000. 3. Earned net income of 180,000. 4. Declared and paid cash dividends of 61,000. Prepare the equity section of Blossom SA's December 31, 2020, statement of financial position. BLOSSOM SA Statement of Financial Position (Partial)
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