Part C - Reporting shareholders equity (4 marks)

Vinabread Ltd had the following equity account on 1 July 2017:

Share Capital (200,000 shares) $1,800,000

Retained Earnings $ 780,000

General Reserve $ 300,000

Vinabread Ltds profit for the year ending 30 June 2018, which has not been included in the retained earnings was $380,000. During the year, the following transactions and events occurred:

July 15, 2017 Declared and paid interim dividend of $0.80 per share.

July 30, 2017 Effected 2 for 1 share split and paid $38,000 tax on the profit

June 30, 2018 Declared a final cash dividend of $0.40 per share and transferred $50,000 from retained earnings to general reserve.

Required:

Prepare the equity section of the statement of financial position of Vinabread Ltd as at 30 June, 2018