Shamrock Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares. On December 31, 2021, there were 40,000 common and 1,900 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, 2021, was $285,500. During 2021, the company had profit of $127,000 and declared a total of $76,500 of dividends, of which $60,000 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. SHAMROCK LIMITED Balance Sheet (Partial) Calculate return on equity for 2021. Assume there were no changes in the Common Shares and Preferred Shares accounts during the year. (Round answer to 2 decimal places, e.g. 52.75%.) Return on equity eTextbook and Media List of Accounts %