Marigold Limited was organized on January 1, 2020. It is authorized to issue 10,500 8%, HK$1,000 par value preference shares, and 491,000 no-par ordinary shares with a stated value of HK$20 per share. The following share transactions were completed during the first year. Jan. 10 Mar. 1 Issued 81,000 ordinary shares for cash at HK$48 per share. Issued 5,050 preference shares for cash at HK$1,050 per share. Apr. 1 May 1 Aug 1 Issued 18,000 ordinary shares for land. The asking price of the land was HK$987,000. The fair value of the land was HK$931,000. Issued 76,000 shares of ordinary shares for cash at HK$45 per share. Issued 10,500 ordinary shares to attorneys in payment of their bill of HK$327,000 for services provided in helping the company organize. Sept. 1 Issued 12,000 ordinary shares for cash at HK$50 per share. Nov. 1 Issued 1,000 preference shares for cash at HK$1,060 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Post to the equity accounts. (Post entries in the order of journal entries presented in the previous part.) Share Capital-Preference Date Explanation Ref. Debit J5 J5 Credit Balance Share Capital-Ordinary Date Explanation Ref. Debit Credit Balance Share Premium-Preference Date J5 J5 J5 J5 J5 Explanation Ref. Debit Credit Balance J5 J5 Share Premium-Ordinary Date Explanation Ref. Debit Credit Balance J5 J5 J5 J5 J5 Prepare the share capital section of the statement of financial position at December 31, 2020. MARIGOLD LIMITED Statement of Financial Position (Partial) HK$ HK$