Teal Mountain Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and Scumulative preferred shares. On December 31, 2021. there were 34,500 common and 1,900 preferred shares issued. The common shares had been issued at an average per share amount of 510, the preferred shares at $104. The balance in the Retained Earnings account on January 1, 2021, was $299,500. During 2021, the company had profit of $124.500 and declared a total of $68,000 of dividends, of which $2,000 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. TEAL MOUNTAIN LIMITED Balance Sheet (Partial) Prepare the shareholders' equity section of the balance shee TEAL MOUNTAIN LIMITED Balance Sheet (Partial) $