Sage Hill Limited is private company that follows ASPE. It is authorized to issue an unlimited number of both common and $$5$ cumulative preferred shares. On December $31,2024,$ there were $30,800$ common and $880$ preferred shares issued. The common shares had been issued at an average per share amount of $$10$; the preferred shares at $$105.$ The balance in the Retained Earnings account on January $1,2024,$ was $$252,560.$ During $2024,$ the company had profit of $$110,000$ and declared a total of $$66,000$ of dividends, of which $$49,500$ was paid during the year.

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Prepare the shareholders' equity section of the balance sheet on December $31,2024.$

SAGE HILL LIMITED Balance Sheet $($Partial