Prepare the shareholders equity section of the balance sheet

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Question: Windsor Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares. On December 31, 2024, there were 35,700 common and 1.020 preferred shares issued. The commor shares had been issued at an average per share amount of $ 10: the preferred shares at $105. The balance in the Retained Earnings account on January 1, 2024, was $292,740. During 2024, the company had profit of $127,500 and declared a total of $76,500 of dividends, of which $57,375 was paid during the year. (a) Prepare the shareholders' equity section of the balance sheet on December 31, 2024. WINDSOR LIMITED Balance Sheet

Reference no: EM133375120

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