The following information is extracted from the shareholders’ equity  section of the statement of financial position of Gibson Clothing Inc. at  December 31, 2018:  Preferred shares, stated value $10, non-cumulative  Issued and outstanding — 5,000 shares  Common shares, stated value $2  Issued and outstanding — 20,000 shares  $  20,000  40,000  Retained earnings  150,000  Total shareholders’ equity  $210,000