Question: Transactions and Statement Preparation) Hatch plc has two classes 20 par preference and 5 par ordinary. At December 31, 2018, the fol P/5.3 (L01,2,3) (Equity

Transactions and Statement Preparation) Hatch plc has two classes 20 par preference and 5 par ordinary. At December 31, 2018, the fol P/5.3 (L01,2,3) (Equity Trans capital outstanding: 8%, 20 par pro ing accounts were included in equity. Share Capital Preference, 150,000 shares 3.000.000 Share Capital-Ordinary, 2,000,000 shares 10,000,000 Share Premium-Preference 200,000 Share Premium Ordinary 27,000,000 Retained Earnings 4,500,000 The following transactions affected equity during 2019. Jan. 130,000 preference shares issued at 22 per share. Feb. 150,000 ordinary shares issued at 20 per share. June 12-for-1 share split (par value reduced to 2.50). Inly 130,000 ordinary treasury shares purchased at 10 per share. Hatch uses the cost method Sept. 15 10,000 treasury shares reissued at 11 per share. Dec 31 The preference dividend is declared, and an ordinary dividend of 50 pence per share is declared. Dec. 31 Net income is 2,100,000. ER 15 Equity atch plc at December 31, 2019 Instructions Prepare the equity section of the statement of financial position for Hatch plc at De Show all supporting computations

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