Question 1 Prepare the Equity Section of the Balance Sheet (10 marks) The following accounts are taken from the general ledger of XYZ Company Inc. on December 31, 2018, before the books were closed: Treasury shares, 100 common shares $8,600 Common Shares Subscribed, 100 shares 9,000 Bond Payable, 4.5% 500,000 Common Share Dividends 30,000 90,000 Operating Expenses Preferred Shares, no-par, $2, authorization 100,000, cumulative, 27,000 shares issued and outstanding 168,000 Common Share Subscriptions Receivable 3,000 Premium on Bonds Payable 6,000 Common Shares, no-par, authorization unlimited, 46,100 share issued, 1,350,000 46,000 shares outstanding Retained Earnings 653,000 AOCI* losses 150,500 Contributed Capital on Common share retirement 18,900 Sales Revenue 800,000 *also called Reserves Required: Prepare, in good form, the Shareholders' Equity section of the balance sheet at December 31, 2018, after the books are closed. Include a three-line title. Question 1 Prepare the Equity Section of the Balance Sheet (10 marks) The following accounts are taken from the general ledger of XYZ Company Inc. on December 31, 2018, before the books were closed: Treasury shares, 100 common shares $8,600 Common Shares Subscribed, 100 shares 9,000 Bond Payable, 4.5% 500,000 Common Share Dividends 30,000 90,000 Operating Expenses Preferred Shares, no-par, $2, authorization 100,000, cumulative, 27,000 shares issued and outstanding 168,000 Common Share Subscriptions Receivable 3,000 Premium on Bonds Payable 6,000 Common Shares, no-par, authorization unlimited, 46,100 share issued, 1,350,000 46,000 shares outstanding Retained Earnings 653,000 AOCI* losses 150,500 Contributed Capital on Common share retirement 18,900 Sales Revenue 800,000 *also called Reserves Required: Prepare, in good form, the Shareholders' Equity section of the balance sheet at December 31, 2018, after the books are closed. Include a three-line title