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Prepare shareholders equity section of financial position

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Question - The following accounts appear in the ledger of Handley Inc. after the books are closed at December 31, 2021:

Accumulated other comprehensive income $41,710

Common shares (unlimited number of shares authorized, 215,000 shares issued) 645,000

Stock dividends distributable 77,400

Contributed surplus 52,460

Preferred shares ($1.4 noncumulative, 86,000 shares authorized, 8,600 shares issued) 215,000

Retained earnings (of which $262,400 is restricted for a plant expansion) 1,152,400

Required - Prepare the shareholders' equity section of Handley's statement of financial position, including any required note disclosure.

Reference no: EM133053638

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