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Sarasota SA has issued 116,000 shares of 5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is 246,000.

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Sarasota SA has issued 116,000 shares of 5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is 246,000. The corporation has reacquired 6,600 shares at a cost of 646,000 and is currently holding those shares. Treasury shares were reissued in prior years for 53,000 more than their cost. The corporation also has 2,000 shares issued and outstanding of 7%,6100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is 21,500. Retained earnings is 372,000. Prepare the equity section of the statement of financial position. (Enter the occount name only and do not provide the descriptive information provided in the question.)

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