complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Incorporated at December 31, 2024. Net income for the year was $820,000. Note: Negative amounts should be indicated by a minus sign. CONSOLIDATED PAPER, INCORPORATED [Shareholders Equity section] December 31, 2024 Paid-in capital: Preferred stock $92,000 Common stock 534,450 Paid-in capital - excess of par, preferred 1,535,000 Paid-in capital - excess of par, common Retained earnings Treasury stock (46,200) Total shareholders equity $2,115,250