On January 1, 2021 Astor Co. showed the following shareholders' equity accounts: Preferred shares, 10,000 shares issued Common shares, 15,000 shares issued $ 50,000 $100,000 $ 40,000 Retained earnings In 2021 Astor Co. had the following transactions affecting shareholders' equity: Jan 2 Issued 1,000 common shares for $20 per share Dec 11 The company declared and paid a $2 dividend per share on the preferred shares. Dec 31 The company made a profit of $100,000 in 2021. Required: a. b. Calculate the Retained Earnings balance on December 31, 2021. Show calculations. [3 marks] Calculate the total shareholder's equity on December 31, 2021. Show calculations. [5 marks]