The balance sheet of Consolidated Paper, Inc., Included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 9.0%, 81, eee shares at $i par Common stock, 313,100 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 3,188 common shares Total shareholders' equity $ 81,080 313,109 1,435, eee 2,485, eee 8,145,000 (34,180) $12,425,000 2. Prepare the shareholders' equlty section of the balance sheet for Consolidated Paper, Inc., at December 31, 2021. Net Income for the year was $710.000. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Inc. at December 31, 2021. Net income for the year was $710,000. (Negative amounts should be indicated by a minus sign.) CONSOLIDATED PAPER, INC. [Shareholders' Equity section] December 31, 2021 Paid-in capital: Preferred stook S 81,000 Common stock 398,350 Paid-in capital - excess of par, preferred 1.435,000 Paid-in capital - excess of par, common 2.562,500 X Retained earnings 7,872.335 X Treasury stock (34.100) Total shareholders' equity s 12.315,085