Ingram Corporation has the following accounts at December 31: Share Capital Ordinary, 10 par, 5,000 shares issued,

Question:

Ingram Corporation has the following accounts at December 31: Share Capital— Ordinary, €10 par, 5,000 shares issued, €50,000; Share Premium—Ordinary €10,000; Retained Earnings €45,000; and Treasury Shares—Ordinary, 500 shares, €11,000. Prepare the equity section of the statement of financial position.

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