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Function: SUM; Cell Referencing Using Excel to Prepare the Shareholders' Equity Section of the Statement of Financial Position PROBLEM Southern Corporation's adjusted trial balance contained
Function: SUM; Cell Referencing Using Excel to Prepare the Shareholders' Equity Section of the Statement of Financial Position PROBLEM Southern Corporation's adjusted trial balance contained the following accounts at December 31, 2023. RetainedearningsCommonsharesBondspayableContributedsurplusPreferredsharesGoodwillAccumulatedothercomprehensiveloss$120,000700,000100,000200,00050,00055,000(150,000) Prepare the shareholders' equity section of the statement of financial position. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to amounts and account names in the Problem and work area as indicated. Use the SUM function to add amounts. Prepare the shareholders' equity section of the statement of financial position. Shareholders' equity
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