Problem #36 Preparation of the Shareholders' Equity Section of a Statement of Financial Position On Dec. 31, 2017, selected accounts from the trial balance of Dimaculangan, Inc. showed the following balances: Debit Credit Retained Earnings Subscribed Ordinary Shares, 2,000 shares P1,550,000 Long-term Notes Payable 100,000 5% Preference Shares, P100 par 600,000 Share Premium-Ordinary 1,500,000 Subscriptions Receivable 1,350,000 Share Premium-Treasury P120,000 Organization Expense 280,000 200,000 Share Premium-Preference 850,000 Ordinary Shares, P50 par 2,500,000 Donated Capital 590,000 Treasury Stock, 450 shares at Cost 40,000 Dimaculangan was authorized by its articles of incorporation to issue 500,000 shares of P50 par ordinary shares and*25,000 shares of P100 par cumulative, nonparticipating preference shares. Note that subscriptions receivable are collectible next year. Required: Choose the appropriate shareholders' equity accounts from those listed above and prepare the shareholders' equity section of Dimaculangan, Inc.'s Dec. 31, 2017 statement of financial position