Yeager Corporation was organized in January 2018. During 2018, Yeager engaged in the following shareholders' equity activities:

Secured approval for a corporate charter that authorizes Yeager to sell 600,000, no par common shares and 30,000, $50 stated value preferred shares.

Issued 80,000 of the common shares for $13 per share.

Issued 2,500 of the preferred shares for $57 per share.

Repurchased and cancelled 500 of the common shares at a cost of $15 per share.

Earned net income of $48,000.

Paid dividends of $5,000.

Prepare the shareholders' equity portion of Yeager's statement of financial position as of December 31, 2018.

Yeager Corporation
Statement of Financial Position (Partial)
December 31, 2018
Shareholders' equity:
Preferred shares, $50 stated value, 30,000 shares authorized, 2,500 shares issued and outstanding	$
Common shares, no par, 600,000 shares authorized, 79,500 shares issued and outstanding
Contributed surplus:
Preferred shares
Total share capital
Retained earnings
Total shareholders' equity