Question: Current Attempt in Progress Cullumber SA reported the following balances at December 31, 2019: share capital-ordinary 540.000, share premium-ordinary 140,000, and retained earnings 305.000. During

 Current Attempt in Progress Cullumber SA reported the following balances at

Current Attempt in Progress Cullumber SA reported the following balances at December 31, 2019: share capital-ordinary 540.000, share premium-ordinary 140,000, and retained earnings 305.000. During 2020, the following transactions affected equity. Issued preference shares with a par value of 138,000 for 193,000 Purchased treasury shares (ordinary) for 40.000 Earned net income of 188,000, Declared and paid cash dividends of 59,000 1. 2. 3 4 Prepare the equity section of Cullumber SA's December 31, 2020, statement of financial position CULLUMBER SA Statement of Financial Position (Partial)

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