Question: Perrin SA reported the following balances at December 31, 2016: share capital- ordinary 400,000; share premium-ordinary 220,000; and retained earnings 250,000. During 2017, the following

Perrin SA reported the following balances at December 31, 2016: share capital- ordinary €400,000; share premium-ordinary €220,000; and retained earnings €250,000. During 2017, the following transactions affected equity.
1. Issued preference shares with a par value of €125,000 for €160,000.
2. Purchased treasury shares (ordinary) for €40,000.
3. Earned net income of €128,000.
4. Declared and paid cash dividends of €33,000.
Instructions
Prepare the equity section of Perrin SA's December 31, 2017, statement of fi nancial position.

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