Teal Mountain 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 36,000 common and 1,800 preferred shares issued. The common shares had been issued at an average per share amount of $10; the preferred shares at $104. The balance in the Retained Earnings account on January 1, 2021, was $291,500. During 2021, the company had profit of $125.000 and declared a total of $74,500 of dividends, of which $59,500 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. TEAL MOUNTAIN LIMITED Balance Sheet (Partial) $ $ $ TEAL MOUNTAIN LIMITED Balance Sheet (Partial) Share Capital $ Total Shareholders' Equity Shareholders' Equity Total Share Capital Current Liabilities Total Current Liabilities $