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 31,2024, there were 39,900 common and 1,140 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 $327,180. During 2024 , the company had profit of $142,500 and declared a total of $85,500 of dividends, of which $64,125 was paid during the year. (a) Prepare the shareholders' equity section of the balance sheet on December 31, 2024