On January 1, 2021, Sandhill Ltd had the following shareholders' equity accounts: Common shares (1,000,000 issued) $1700,000 Retained earnings 1.950,000 The company was also authorized to issue an unlimited number of S4 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 72.000 preferred shares for $60 per share. Apr 1 Pald quarterly dividend to preferred shareholders July Paid quarterly dividend to preferred shareholders Aug 12 Issued 72.000 common shares for $120 per share Paid quarterly dividend to preferred shareholders. Paid Quarterly dividend to preferred shareholders and a 50.20 per share dividend to the common shareholders Dec 31 Loss for the year was $72,000. 1 Oct Dec 1 31 Prepare the shareholders' equity section of the balance sheet at December 31, 2021, including any required disclosures Assume Sandhill is reporting under ASPE. (Enter account name only and do not provide descriptive information.) SANDHILL LTD. Balance Sheet (Partial) $ $