Problem 10-73A Presentation of Shareholders' Equity Yeager Corporation was organized in January 2018. During 2018, Yeager engaged in the following shareholders' equity activities: a. Secured approval for a corporate charter that authorizes Yeager to sell 600,000, no par common shares and 30,000, $50 stated value preferred shares, b. Issued 80,000 of the common shares for $13 per share. c. Issued 2,500 of the preferred shares for $57 per share. d. Repurchased and cancelled 500 of the common shares at a cost of $15 per share. e. Earned net income of $48,000. f. Paid dividends of $5,000. Required: Prepare the shareholders' equity portion of Yeager's statement of financial position as of December 31, 2018. Yeager Corporation Statement of Financial Position (Partial) December 31, 2018 Shareholders' equity: Preferred shares, $50 stated value, 30,000 shares authorized, 2,500 shares issued and outstanding Common shares, no par, 600,000 shares authorized, 79,500 shares issued and outstanding Contributed surplus: Preferred shares Total share capital Retained earnings Total shareholders' equity Feedback