Bramble Architects Ltd. is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and $3 cumulative preferred shares. The following is an alphabetical list of its adjusted accounts at March 31, 2017, its fiscal year end. All accounts have normal balances. Accounts payable Accounts receivable $22,500 38,000 Income tax expense $18,000 Insurance expense 6,100 Accumulated depreciation-equipment 23,500 Interest expense 3,000 Cash 52,000 Notes payable 48,000 Cash dividends-common Cash dividends-preferred 40,000 Preferred shares 54,000 4,500 Prepaid expenses 6,300 Common shares 75,000 Rent expense 35,000 Consulting revenue 404,000 Retained earnings 69,500 Depreciation expense 12,000 Salaries expense 244,000 Dividends payable 15,000 Salaries payable 2,400 Equipment 229,000 Supplies expense 26,000 There are 1,500 preferred and 75,000 common shares issued. Prepare the shareholders' equity section of the balance sheet. BRAMBLE ARCHITECTS LTD. Balance Sheet (Partial) 6A