Sarasota Corporation's charter authorized 1 million shares of $10 par value common shares and 400,000 shares of 9% cumulative and non-participating preferred shares with a par value of $100 per share. The corporation made the following share transactions through December 31, 2020: 330,000 common shares were issued for $3.96 million and 11.000 preferred shares were issued for machinery valued at $1,427,000. Subscriptions for 10.800 common shares have been taken, and 30% of the subscription price of $15 per share has been collected. The shares will be issued upon collection of the subscription price in full. In addition 11.000 common shares have been repurchased for $14 and retired. The Retained Earnings balance is $180,000 before considering the transactions above, Prepare the shareholders' equity section of the SFP in good form. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 Shareholders' Equity Share Capital Preferred Shares Common Shares $ 3,890,000 Common Shares Subscribed 108,000 Total Common Shares issued and to be issued Total Share Capital Contributed Surplus Total Paid-in Capital Retained Earnings Total Pald-in Capital and Retained Earnings Less Share Subscriptions Receivable Total Shareholders' Equity Prepare the shareholders' equity section of the SFP in good form. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 ers' Equity ital Thares $ 1 100.000 hares $ 3.890,000 hares Subscribed 108.000 mon Shares issued and to be issued 3,998.000 Capital 5.098.000 d Surplus 1030000 in Capital 6. 128.000 arnings 213000 634 1000 v in Capital and Retained Earnings 113400 Share Subscriptions Receivable $ 6.227.600 sholders' Equity Prepare the shareholders' equity section of the statement of financial position in good form. Assume that the and preferred shares are no par. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 Shareholders' Equity Share Capital Preferred Shares Common Shares $ 4668000 Common Shares Subscribed 162000 Total Common Shares issued and to be issued Total Share Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Share Subscriptions Receivable Total Shareholders' Equity e Textbook and Media List of Accounts Prepare the shareholders' equity section of the statement of hinancial position is good form. Assume that the common shares and preferred shares are no par. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 ers' Equity Ital Shares 1427.000 Shares 4668000 Shares Subscribed 162000 mon Shares issued and to be issued v 4830000 Capital 6257000 arnings 261000 H-in Capital and Retained Earnings 6510000 113400 Share Subscriptions Receivable 6404600 reholders' Equity e Textbook and Media Sarasota Corporation's charter authorized 1 million shares of $10 par value common shares and 400,000 shares of 9% cumulative and non-participating preferred shares with a par value of $100 per share. The corporation made the following share transactions through December 31, 2020: 330,000 common shares were issued for $3.96 million and 11.000 preferred shares were issued for machinery valued at $1,427,000. Subscriptions for 10.800 common shares have been taken, and 30% of the subscription price of $15 per share has been collected. The shares will be issued upon collection of the subscription price in full. In addition 11.000 common shares have been repurchased for $14 and retired. The Retained Earnings balance is $180,000 before considering the transactions above, Prepare the shareholders' equity section of the SFP in good form. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 Shareholders' Equity Share Capital Preferred Shares Common Shares $ 3,890,000 Common Shares Subscribed 108,000 Total Common Shares issued and to be issued Total Share Capital Contributed Surplus Total Paid-in Capital Retained Earnings Total Pald-in Capital and Retained Earnings Less Share Subscriptions Receivable Total Shareholders' Equity Prepare the shareholders' equity section of the SFP in good form. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 ers' Equity ital Thares $ 1 100.000 hares $ 3.890,000 hares Subscribed 108.000 mon Shares issued and to be issued 3,998.000 Capital 5.098.000 d Surplus 1030000 in Capital 6. 128.000 arnings 213000 634 1000 v in Capital and Retained Earnings 113400 Share Subscriptions Receivable $ 6.227.600 sholders' Equity Prepare the shareholders' equity section of the statement of financial position in good form. Assume that the and preferred shares are no par. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 Shareholders' Equity Share Capital Preferred Shares Common Shares $ 4668000 Common Shares Subscribed 162000 Total Common Shares issued and to be issued Total Share Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Share Subscriptions Receivable Total Shareholders' Equity e Textbook and Media List of Accounts Prepare the shareholders' equity section of the statement of hinancial position is good form. Assume that the common shares and preferred shares are no par. Sarasota Corporation Partial Statement of Financial Position December 31, 2020 ers' Equity Ital Shares 1427.000 Shares 4668000 Shares Subscribed 162000 mon Shares issued and to be issued v 4830000 Capital 6257000 arnings 261000 H-in Capital and Retained Earnings 6510000 113400 Share Subscriptions Receivable 6404600 reholders' Equity e Textbook and Media