Current Attempt in Progress The shareholders' equity accounts of Sheridan Inc. at December 31, 2020, are as follows: $400,000 Preferred shares. $3 noncumulative, unlimited number authorized, 4.000 issued Common shares, unlimited number authorized 180,000 issued Retained earnings Accumulated other comprehensive loss 900,000 510,000 (43,000) Sheridan has a 40% income tax rate. During the following fiscal year ended December 31, 2021, the company had the following transactions and events: Feb July 12 Dec 1 1 Repurchased 10,000 common shares for $40,000 Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150 Declared the annual cash dividend ($1.50 post-split) to the preferred shareholders of record on January 10, 2022, payable on January 31, 2022 18 Declared a 5% stock dividend to common shareholders of record at December 20, distributable on January 12. 2022. The fair value of the common shares was $10 per share. Determined that for 2021, profit before income tax was $310,000 and other comprehensive income, net of income tax expense of $40,000, was $60,000. Dec Dec 31 Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. (Enter negative amount using either a negative sign preceding the numberes 45 or parentheseses (450 Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. Enter negative amount using either a negative sin preceding the numberes.-45 or parentheseses (45) SHERIDAN IN Statement of Changes in Shal Year Ended December 31 Preferred Shares Common Shares Stock Dividend Distributable Balance, January 1 Reacquired common shares Stock split 2 for 1 Cash dividends-preferred Stock dividends--common Comprehensive income Balance, December 31