Cheyenne 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, 2021, its fiscal year end. All accounts have normal balances. Accounts payable Accounts receivable Accumulated depreciation equipment Cash Cash dividends-common Cash dividends-preferred Common shares Consulting revenue Depreciation expense Dividends payable Equipment $20.900 39,000 23,300 54,000 38,000 4,500 75,000 Income tax expense Insurance expense Interest expense Notes payable Preferred shares Prepaid expenses Rent expense Retained earnings Salaries expense Salaries payable Supplies expense $ 15,000 6,900 2,600 51,000 52,500 5.900 35,800 57,600 242,000 2,300 26,900 413,000 13,000 15,000 227,000 There are 1,500 preferred and 75,000 common shares issued. Prepare the statement of retained earnings. (List items that increase retained earnings first.) CHEYENNE ARCHITECTS LTD. Statement of Retained Earnings $ $ $ e Textbook and Media List of Accounts Prepare the shareholders' equity section of the balance sheet. CHEYENNE ARCHITECTS LTD. Balance Sheet (Partial) e Textbook and Media List of Accounts Calculate return on equity. Note: No shares were issued during the year. (Round answer to 2 decimal places, eg. 52.75.) Return on equity % e Textbook and Media List of Accounts