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Flint 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. There are 1,500 preferred and 75,000 common shares issued. Prepare the statement of retained earnings. (List items that increase retained earnings first.) Prepare the shareholders' equity section of the balance sheet. Calculate return on equity. Note: No shares were issued during the year. (Round answer to 2 decimal places, e. 8 . 52.75. Return on equity 8