1) Listen Developments Inc. ended 2019 with Retained Earnings of $75,000. During 2020, the company earned net income of $135,000 and declared dividends of $45,000. The company ended 2019 with $35,000 in common shares and $15,000 in $1 preferred shares. Additional common shares were sold in 2020 for $25,000. Complete Listen Developments Inc.'s statement of shareholders' equity for the year ended December 31, 2020. (7 Marks) Listen Developments Inc. Statement of Shareholders' Equity For the Year Ended December 31, 2020 Total Shareholders' Retained Earnings Equity Common Shares Preferred Shares Balance, December 31, 2019 Balance December 31, 2020