The equity accounts of Marigold SE on January 1, 2020, were as follows. Share Capital - Preference (8%, 50 par, 11,000 shares authorized) 400,000 Share Capital - Ordinary (1 stated value, 1,900,000 shares authorized) 1,300,000 Share Premium-Preference 120,000 Share Premium-Ordinary 1,450,000 Retained Earnings 1,800,000 Treasury Shares-Ordinary (10,500 shares) 52.500 During 2020, the company had the following transactions and events pertaining to its equity. Feb. 1 Issued 25,500 ordinary shares for 118,000. Apr. 14 Sold 5,800 treasury shares-ordinary for 33,000. Sept. 3 Issued 5,000 ordinary shares for a patent valued at 35,100. Nov. 10 Purchased 1,000 ordinary shares for the treasury at a cost of 5,800. Dec. 31 Determined that net income for the year was 485,000. No dividends were declared during the year. Journalize the transactions and the closing entry for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Feb. 1 Apr. 14 Sept. 3 Nov. 10 Dec. 31 Enter the beginning balances in the accounts, and post the journal entries to the equity accounts. (Use J5 for the posting reference.) (Post entries in the order of journal entries presented in the previous part.) Share Capital Preference Date Explanation Ref. Debit Credit Balance Balance Share Capital Ordinary Date Explanation Ref. Debit Credit Balance Balance J5 15 Share Premium-Preference Date Explanation Ref. Debit Credit Balance Balance Share Premium-Ordinary Date Explanation Ref. Debit Credit Balance Balance 15 15 Share Premium-Treasury Date Explanation Ref. Debit Credit Balance 15 Retained Earnings Date Explanation Ref. Debit Credit Balance Balance V 25 Treasury Shares Date Eynlanation Ref Debit Credit Balance Date Explanation Ref. Debit Credit Balance Balance J5 Treasury Shares Date Explanation Ref. Debit Credit Balance Balance J5 15 Prepare an equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) MARIGOLD SE Statement of Financial Position (Partial) For the Quarter Ended December 31, 2020 December 31, 2020 For the Year Ended December 31, 2020 v