The accounts and balances below were taken from the records of Jamil Corporation on December \(31,20 \mathrm{xx}\).

Prepare a shareholders' equity section for Jamil Corporation's balance sheet.

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Account Ordinary Shares-12 nominal value, 90,000 shares authorised, 60,000 shares issued, and 55,000 shares outstanding Share Premium Preference Shares-100 nominal value, 9% cumulative, 20,000 shares authorised, 12,000 shares issued and outstanding Retained Earnings Treasury Stock, Ordinary (5,000 shares) Balance Debit Credit 720,000 340,000 1,200,000 46,000 110,000