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Auditing Essay Preview: Auditing Report this essay CATLI, KRISTINE CAROLINE R.BSA 5Y2-2PRACTICAL AUDITINGIllustrative Audit Case 17.1: Analysis of Shareholder’s Equity AccountDuring May 2015, Glenn, Inc., was organized with 3,000,000 authorized shares of Ᵽ10 par value ordinary shares, and 300,000 of its ordinary shares were issued for Ᵽ3,300,000. Net income through December 31, 2015, was Ᵽ125,000.On.