The following accounts appear in the ledger of Rue Inc. after the books are closed at December 31, 2020. Common Shares: Paid in Capital: Preferred Shares: 2 par value, 100,000 shares authorized, 50,000 shares issued Common Shares in excess of par value $3 Cumulative $100 par value, 10,000 shares authorized, 1,000 shares issued Paid in Capital Preferred Shares in excess of par value Retained Earnings $100,000 150,000 100,000 20,000 900,000 During 2021 the following occurred: January 2000 of the $3 Cumulative $100 par value preferred Shares were issued at a price of $130 $260,000 June Cash dividend of $2 per common share were declared and were paid December 5000 of the Common Shares were reacquired at the same issue Price and treated as Treasury Stock using par value method. December Net Income for they year totaled to be Instructions Prepare the shareholders' equity section at December 31, 2001. Please look at the (10 Marks) Rue Inc Statement of Shareholder's Equity As at December 31,2021 400,000