The accounts and balances that follow are from Minangkabau Corporation’s records on 31 December 2021. Preferred Share, RM100 per share, 9% cumulative, 3,000 shares issued and outstanding                                                                                    RM300,000 Common Share, RM12 per share, 15,000 shares issued and 14,250 shares outstanding                                                                                 180,000 Retained Earnings                                                                                                    11,500 Treasury share, Common (750 shares, at cost)                                                           15,000   Prepare the shareholders’ equity section of Minangkabau’s Statement of Financial Position as of 31 December 2021.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.