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Bridgeport Architects Ltd. is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and S3 cumulative preferred shares.

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Bridgeport Architects Ltd. is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and S3 cumulative preferred shares. The following is an alphabetical list of its adjusted accounts at March 31, 2024, its fiscal year end. All accounts have normal balances. Thereare 1,290 preferred and 64,500 commonatiares issued Prepare the statement of retained earnings. (List items that increase retained eamings first.) Prepare the shareholders' equity section of the balance sheet. Calculate return on equity. Note: No shares were issued during the year. (Round answer to 2 decimal ploces, eg. 5275% ) Return on equity

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