On January 1, 2021. Wildhorse Ltd. had the following shareholders' equity accounts: $1,300,000 Common shares (1,000,000 issued) Retained earnings 1,690,000 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 Apr. 1 July 1 Aug. 12 Issued 103,000 preferred shares for $47 per share. Paid quarterly dividend to preferred shareholders Paid quarterly dividend to preferred shareholders. Issued 103,000 common shares for $2.40 per share Paid quarterly dividend to preferred shareholders Paid quarterly dividend to preferred shareholders and a $0,30 per share dividend to the common shareholders Loss for the year was $103.000. Oct 1 Dec. 31 Dec. 31 Open general ledger accounts for the shareholders' equity accounts, enter the beginning balances, and post entries from the previous part. (Post entries in the order of Journal entry presented in the previous part) Preferred Shares Date Explanation Jan. 2 Ref. Debit Credit Balance 01 Common Shares Date Explanation Ref. Debit Credit Balance Jan. 1 Balance Aug. 12 31 Cash Dividends-Preferred Date Explanation Ref. Debit Credit Balance Apr. 1 JI July 1 DI - 24 Cash Dividends-Preferred Date Explanation Ref. Debit Credit Balance Apr. 1 31 July 1 1 Oct. 1 31 Dec. 31 31 Dec 31 Closing entry 11 Cash Dividends-Common Date Explanation Ref. Debit Credit Balance Dec. 31 J1 Dec. 31 Closing entry J1 Retained Earnings Date Ref. Credit Explanation Debit Balance Dec. 31 31 Dec. 31 Closing entry 31 Retained Earnings Date Explanation Ref. Debit Credit Balance Jan. 1 Balance Dec. 31 Closing entry 31 Dec. 31 Closing entry 31 Prepare the shareholders' equity section of the balance sheet at December 31, 2021, including any required disclosures Assume Wildhorse is reporting under ASPE (Enter account name only and do not provide descriptive information.) WILDHORSE LTD. Balance Sheet (Partial) $