Swifty Corporations charter authorized 2 million shares of $14 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: 250,000 common shares were issued for $3.75 million and 9,000 preferred shares were issued for machinery valued at $1,263,000. Subscriptions for 11,900 common shares have been taken, and 40% of the subscription price of $20 per share has been collected. The shares will be issued upon collection of the subscription price in full. In addition, 10,000 common shares have been repurchased for $19 and retired. The Retained Earnings balance is $190,000 before considering the transactions above.

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Prepare the shareholders equity section of the SFP in good form.

Swifty Corporation Partial Statement of Financial Position For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
Share CapitalTotal Common Shares issued and to be issuedShareholders' EquityTotal Shareholders EquityTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Share Capital
Total Share CapitalTotal Paid-in CapitalTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsShare CapitalShareholders' EquityTotal Common Shares issued and to be issued
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Total Paid-in CapitalTotal Share CapitalTotal Paid-in Capital and Retained EarningsTotal Shareholders EquityShare CapitalShareholders' EquityTotal Common Shares issued and to be issued
Total Paid-in CapitalTotal Share CapitalShareholders' EquityTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsShare CapitalTotal Common Shares issued and to be issued
Total Share CapitalTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsTotal Paid-in CapitalShare CapitalShareholders' EquityTotal Common Shares issued and to be issued
Total Share CapitalTotal Shareholders EquityTotal Paid-in Capital and Retained EarningsShare CapitalShareholders' EquityTotal Common Shares issued and to be issuedTotal Paid-in Capital
AddLess :
Total Shareholders EquityTotal Share CapitalTotal Paid-in Capital and Retained EarningsShare CapitalShareholders' EquityTotal Common Shares issued and to be issuedTotal Paid-in Capital				$

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2. Prepare the shareholders equity section of the statement of financial position in good form. Assume that the common shares and preferred shares are no par.