Pina Architects Ltd$.$ is a private company reporting under ASPE. It is authorized to issue an unlimited number of common and $$3$

cumulative preferred shares. The following is an alphabetical list of its adjusted accounts at March $31,2024,$ its fiscal year end. All

accounts have normal balances.

There are $1,560$ preferred and $78,000$ common shares issued.

$1)$ Prepare the statement of retained earnings. $($List items that increase retained earnings first.$)2)$ prepare the shareholders' equity section of the balance sheet