Larkspur Limited is a private company that follows ASPE it is authorized to issue an unlimited number of both common and $cumulative preferred shores. On December 31, 2021, there were 35,500 common and 1,100 preferred share issued. The common shares had been issued at an average per share amount of 10 the preferred shares a $106. The balance in the Retained Earnings account on January 1, 2021. was $298.500. During 2021, the company had profit of $127.000 and declared a total of $70.500 of dividends, of which 552.000 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. LARKSPUR LIMITED Balance Sheet (Partial). Calculate return on equity for 2021. Assume there were no changes in the Common Shares and Preferred Shares accounts during the year.