Attem Part a (8 marks) Prepare the Shareholder's Equity section of the Balance Sheet for Bowie Building Company for Dec 31, 2020 in proper format after the following transactions took place: The company authorized 50,000 preferred shares ($80 par value, 6% cumulative) and 35,000 common shares (no par value) The company sold 8000 preferred shares for $90 each and 5000 common shares for $30 each. The company bought back 1000 preferred shares for the treasury for $106 each. . During this year, which is the first year of operations, the company earned net income of $209,000 and paid dividends of $45,000. 0 E 1 Question 2 2 Shareholders equity 3 Pald-in capital 4 Capitol stock 5 6 7 8 9 10 11 Total capital stock 12 Additional pald-In capitol 13 Pald-in capital in excess of par-preferred shares 14 15 Total additional pald-In capital Total paid-in capital 17 Retained earnings 18 Total paid-in capital and retained earnings 19 Less: Treasury stock shares) 20 Total shareholders' equity 21 16