Teller Corporation??s post-closing trial balance at December 31, 2012, was as follows.

At December 31, 2012, Teller had the following number of ordinary and preference shares.

The dividends on preference shares are $4 cumulative. In addition, the preference shares have a preference in liquidation of $50 per share.InstructionsPrepare the equity section of Teller??s statement of financial position at December 31,2012.

TELLER CORPORATION PoST-CLOSING TRIAL BALANCE DECEMBER 31, 2012 Dr. Cr. $ 310,000 Accounts payable Accounts receivable $ 480,000 Accumulated depreciation-building and equipment Allowance for doubtful accounts 185,000 30,000 700,000 Bonds payable Building and equipment Cash 1,450,000 190,000 Dividends payable on preference shares-cash Inventories 4,000 560,000 400,000 Land Prepaid expenses Retained earnings Share capital-ordinary ($1 par value) Share capital-preference ($50 par value) Share premium-ordinary Share premium-treasury Treasury shares-ordinary at cost 40,000 201,000 200,000 500,000 1,000,000 160,000 170,000 $3,290,000 $3,290,000 Totals