Chapter 15- 14,15

Please provide solution and explanation for my guidance thank you. It will really help me alot :)

\f15-44 | Basic Financial Accounting and Reporting by Prof. WIN Ballada NAME: SCORE: SECTION: PROFESSOR: Problem #15 Preparation of the Shareholders' Equity Section of a Statement of Financial Position The trial balance of T. Cayanan Corporation as of Dec. 31, 2018, contained the following selected balances: 17% Notes Payable, due May 1, 2020 P4,000,000 Allowance for Uncollectible Accounts 60,000 Ordinary Shares, no-par, P20 stated value; 300,000 shares 6,000,000 authorized, issued, and outstanding Retained Earnings-Unappropriated 500,000 Cash Dividends Payable (declared Dec. 15 on preference shares) 14,000 Appropriation for Pending Litigation 600,000 6% Preference Shares, P200 par, 3,000 shares authorized, 600,000 issued and outstanding Donated Capital 400,000 Share Premium-Preference 10,000 Required Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2018