Blue Spruce Corporations charter authorized 1 million shares of $11 par value common shares, and 200,000 shares of 9% cumulative and non-participating preferred shares, with a par value of $100 per share. The corporation made the following share transactions through December 31, 2020: 310,000 common shares were issued for $3.72 million and 10,000 preferred shares were issued for machinery valued at $1,544,000. Subscriptions for 12,000 common shares have been taken, and 30% of the subscription price of $17 per share has been collected. The shares will be issued upon collection of the subscription price in full. In addition, 11,000 common shares have been repurchased for $16 and retired. The Retained Earnings balance is $210,000 before considering the transactions above.

Prepare the shareholders equity section of the SFP in good form.

Blue Spruce Corporation Partial Statement of Financial Position For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
Total Paid-in CapitalShare CapitalTotal Paid-in Capital and Retained EarningsShareholders' EquityTotal Common Shares issued and to be issuedTotal Share CapitalTotal Shareholders Equity
Total Paid-in Capital and Retained EarningsTotal Share CapitalShare CapitalTotal Shareholders EquityTotal Common Shares issued and to be issuedShareholders' EquityTotal Paid-in Capital
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		$
Total Paid-in Capital and Retained EarningsShare CapitalTotal Paid-in CapitalShareholders' EquityTotal Shareholders EquityTotal Common Shares issued and to be issuedTotal Share Capital
Total Common Shares issued and to be issuedTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsShare CapitalShareholders' EquityTotal Share CapitalTotal Shareholders Equity
Total Paid-in CapitalTotal Common Shares issued and to be issuedTotal Share CapitalShareholders' EquityTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsShare Capital
Total Paid-in CapitalShareholders' EquityShare CapitalTotal Common Shares issued and to be issuedTotal Shareholders EquityTotal Share CapitalTotal Paid-in Capital and Retained Earnings
LessAdd :
Total Shareholders EquityTotal Paid-in CapitalShare CapitalTotal Common Shares issued and to be issuedTotal Paid-in Capital and Retained EarningsTotal Share CapitalShareholders' Equity				$

SHOW LIST OF ACCOUNTS

Prepare the shareholders equity section of the statement of financial position in good form. Assume that the common shares and preferred shares are no par.

Blue Spruce Corporation Partial Statement of Financial Position For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020
Total Paid-in Capital and Retained EarningsShare CapitalTotal Share CapitalTotal Paid-in CapitalTotal Shareholders EquityShareholders' EquityTotal Common Shares issued and to be issued
Total Paid-in Capital and Retained EarningsShare CapitalShareholders' EquityTotal Shareholders EquityTotal Common Shares issued and to be issuedTotal Paid-in CapitalTotal Share Capital
				$
		$
Total Common Shares issued and to be issuedShareholders' EquityTotal Paid-in CapitalTotal Share CapitalTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsShare Capital
Total Shareholders EquityTotal Paid-in Capital and Retained EarningsShareholders' EquityTotal Paid-in CapitalTotal Share CapitalShare CapitalTotal Common Shares issued and to be issued
Total Paid-in Capital and Retained Earnings Share Capital Total Paid-in Capital Shareholders' Equity Total Share Capital Total Shareholders Equity Total Common Shares issued and to be issued
Add Less :
Total Paid-in Capital Total Common Shares issued and to be issued Share Capital Total Share Capital Total Shareholders Equity Total Paid-in Capital and Retained Earnings Shareholders' Equity				$