hlo can someone help me with this question. I got statement of retained earnings right. I dont know what to fill in blank spaces above. I tried 1500 and 4500 both in preferred shares in balance sheet but bith have been wrong.

Monty 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 $21,700 Income tax expense $17,000 Accounts receivable 40,000 Insurance expense 6,600 Accumulated depreciation equipment 24.500 Interest expense 3,000 Cash 55.000 Notes payable 48.000 Cash dividends-common 40.000 Preferred shares 54,000 Cash dividends-preferred 4.500 Prepaid expenses 6,300 Common shares 75.000 Rent expense 36,000 Consulting revenue 422,000 Retained earnings 45.600 Depreciation expense 13,000 Salaries expense 241.000 Dividends payable 16.000 Salaries payable 2,200 Equipment 220,000 Supplies expense 26.600 There are 1.500 preferred and 75.000 common shares issued. Prepare the shareholders' equity section of the balance sheet. MONTY ARCHITECTS LTD. Balance Sheet (Partial) March 31, 2021 Shareholders' Equity Share Capital Preferred Shares $ Common Shares 75000 Total Share Capital Retained Earnings 79900 Total Shareholders' Equity e Textbook and Media Assistance Used Your answer is incorrect. Calculate return on equity. Note: No shares were issued during the year. (Round answer to 2 decimal places, e g. 52.75.) Return on equity se /courses/44948/assignme Your answer is correct. Prepare the statement of retained earnings. (List items that increase retained earnings first.) MONTY ARCHITECTS LTD. Statement of Retained Earnings Year Ended March 31, 2021 Retained Earnings, April 1 $ 45600 Add Profit/(Loss) 78800 124400 Less Cash Dividends - Common $ 40000 Cash Dividends - Preferred 4500 44500 S 79900 Retained Earnings, March 31 e Textbook and Media Assistance Use e Textbook 1 e Textbook 2