Reference no: EM132796033

The following are transactions that occurred at Oregano Co:

1. By 2020, Oregano Co has authorized 30,000 copies and published 14,000 ordinary share, par value $ 50, market value $ 57.
2. In 2021, 2,000 ordinary shares will be issued as share dividends when the market value is $ 60.
3. In 2021, 20,000 preference shares will be authorized and 10,000 shares issued, par value $ 100, market value $ 113. Half of the preference share purchased and then reissued for a higher than $ 9,400 price the cost.
4. In 2022, 600 ordinary shares were bought again at a price of $ 64.
5. In 2022, Oregano Co will generate income of $ 1,220,000 and paid cash dividends of $ 625,200.
6. Oregano Co uses the cost method to account for treasury shares.
7. Requested:

Problem 1: Prepare the Equity Section on the Statement of Financial Position Oregano Co as of 31 December 2022.