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Bramble Corporation's charter authorized 2 million shares of $11 per value common shares, and 400.000 shares of 5% cumulative and non-participating preferred shares, with a
Bramble Corporation's charter authorized 2 million shares of $11 per value common shares, and 400.000 shares of 5% 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: 330,000 common shares were issued for $4.29 million and 9,000 preferred shares were issued for machinery valued at $1,350,000. Subscriptions for 11.900 common shares have been taken, and 30% of the subscription price of $15 per share has been collected. The shares will be issued upon collection of the subscription price in full. In addition, 12.000 common shares have been repurchased for $14 and retired. The Retained Earnings balance is $240,000 before considering the transactions above. Prepare the shareholders' equity section of the SFP in good form. Bramble Corporation Partial Statement of Financial Position December 31, 2020 Shareholders' Equity Share Capital Preferred Shares $ Common Shares $ Common Shares Subscribed Total Common Shares Issued and to be issued V Total Share Capital Contributed Surplus Total Pald-in Capital
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