Marin Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares. On December 31, 2021, there were 33,000 common and 1,700 preferred shares issued. The common shares had been issued at an average per share amount of $10; the preferred shares at $106. The balance in the Retained Earnings account on January 1, 2021, was $286,000. During 2021, the company had profit of $115,000 and declared a total of $72,000 of dividends, of which $55,000 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. MARIN LIMITED Balance Sheet (Partial) December 31, 2021 Shareholders' Equity Share Capital Preferred Shares Common Shares Total Share Capital