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Prepare the shareholders' equity section of the belance sheet on December 31, 2024 Teal Mountain Limited ise priveteccmpanythetfoIIowsSPE_ It iseutherizedto issueen unlimited number of Ecthcomrrznend

image text in transcribed Prepare the shareholders' equity section of the belance sheet on December 31, 2024

Teal Mountain Limited ise priveteccmpanythetfoIIowsSPE_ It iseutherizedto issueen unlimited number of Ecthcomrrznend 55 cumulative preferred shares_On December 31.2024. therewere 34.300comrroneru 98Cpreferredshares issued. Thecommon shares med been issuedet anaverege per share amountof SIO;thepreferred shares at S105. TNzEeIereeinthe Retained Earningszcount on Jam_lary I. 2024. was 5281.260 During 2024. the company had profit of S122SOO and declared a total of S735CC of dividems. of which S55.125 was paid during year. Prepare the shareholders' equity section of the balance sheet on December 31.2024 TEAL B*nce (Partial)

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