Question 12 (5 points) ACME Inc. is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $7.00 cumulative preferred shares. On December 31, 2021 there were 13,000 common and 6,000 preferred shares issued with the following balances: Common Shares, $130,000; and Preferred Shares, $150,000. The statement of retained earnings showed retained earnings of $233,000 at December 31, 2021. Required: Prepare the shareholders' equity section of the balance sheet on December 31, 2021. Paragraph BI UA ACME Inc. Balance Sheet (Partial)