Carry Company is authorized to issue 100,000 shares of AED 5, Preferred Stock of par value AED 8 200,000 shares of Common stock of par value AED 10. The following transactions took place during the year of 2020 . The Company issued 30,000 shares of Preferred stock for AED 12. . The company also issued 100,000 shares of Common Stock and received for AED 15. . During the year the company earned a net income of AED 1,000,000 They decided to distribute o AED 5 per share as dividends to Common shareholders Retained earnings at the beginning of the year was AED 1,500,000 . Required: 1. Using the above information, prepare the Statement of retained earnings for Dec 31, 2020 2. Using the above information, prepare the Shareholders' equity section of the Balance sheet as at Dec 31, 2020 (20 marks) Retained Earnings Carry Company Statement of Retained Earnings Dec. 31, 2020 1. Using the above information, prepare the Statement of retained earnings for Dec. 31, 2020 2. Using the above information, prepare the Shareholders' equity section of the Balance sheet as at Dec 31, 2020 (20 marks) Retained Earnings Carry Company Statement of Retained Earnings Dec. 31. 2020 (40 makrs) Shareholders' Equity Carry Company Partial Balance sheet Shareholders' Equity Dec 31, 2020