Dan's Dependable Delivery began the year with $30,000$ $$1$ Common shares issued and outstanding. Paid in Capital in Excess of Par was $$25,000$ and Retained Earnings were $$175,000.$ Net Income for the current year is $$35,000.$ The company had $5000$ outstanding shares of $$4$ par, $5\%$ Preferred Stock. Taking the transactions from part one into consideration, complete the Statement of Shareholders' Equity for the current year end. Use the table in part two of the template.Prepare a Statement of Shareholders' Equity