Prepare a December 31, 2015 statement of shareholders' equity for Robison Corp. Which began operations in October 2014 by issuing 8,000 common shares at $1.50 per share and 4,000 preferred shares at $5.00 per share. The company reported a small net profit of $5,000 for the first fiscal period ending December 31, 2014. In 2015, Robson issued 2,000 additional common shares at $2.00 and half of the preferred shares were converted into common shares according to the terms of the preferred share issue. Net income was $55,000 for 2015 and total dividends declared and paid were $10,000.