Gender Studies homework help. Shareholder equityHide Ltd, a company whose principal interests are in the manufacture of fine leather shoes and handbags, was formed on 1 January 2013. Its financial year is a calendar year. Prior to the 2016 period, Hide Ltd had issued 110 000 ordinary shares as follows: 95 000 30 shares were issued for cash on 1 January 2013 5000 shares were exchanged on 1 February 2014 for a patent that had a fair value at date of exchange of 240 000 10 000 shares were issued on 13 November 2015 for 50 per shareAt 1 January 2016, Hide Ltd had a balance in its retained earnings account of 750 000, while the general reserve and the asset revaluation surplus had balances of 240 000 and 180 000, respectively. The purpose of the general reserve is to reflect the need for the company to regularly replace certain pieces of the shoe-making machinery to reflect technological changesDuring the 2016 financial year, the following transactions occurre:Required1. Prepare T accounts for share capital and reserves opening balances.2. Prepare the general journal entries to record the above transactions. need paper narration.3. Post your journal entries to the T accounts, numbering journal entries. Total your T accounts to calculate closing balances.4. Prepare the statement of changes in equity for Hide Ltd for the year ended 31 December 2016in the below format. Cross-check closing balances with your T accounts. Use Vocus group accounts for ideas for wording your line items.Attachment 1Attachment 2