On January 1, 2021, Carla Vista Ltd. had the following shareholders' equity accounts:

Common shares (1,000,000 issued)		$1,400,000
Retained earnings		1,770,000

The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2021, none had been issued. During 2021, the corporation had the following transactions and events related to its shareholders' equity:

Jan.	2		Issued 90,000 preferred shares for $43 per share.
Apr.	1		Paid quarterly dividend to preferred shareholders.
July	1		Paid quarterly dividend to preferred shareholders.
Aug.	12		Issued 90,000 common shares for $2.10 per share.
Oct.	1		Paid quarterly dividend to preferred shareholders.
Dec.	31		Paid quarterly dividend to preferred shareholders and a $0.15 per share dividend to the common shareholders.
Dec.	31		Loss for the year was $90,000.

Prepare the shareholders' equity section of the balance sheet at December 31, 2021, including any required disclosures. Assume Carla Vista is reporting under ASPE.