The following alphabetical list of selected accounts taken from the general ledger of Mayne Corporation identify the accounts that are part of shareholders' equity as of December $31,$ Year $2$:

Accounts receivable $$50,000$

Cash dividends payable $20,000$

Common shares, $20,000$ shares

outstanding $550,000$

Inventory $75,000$

Note payable $25,000$

Notes receivable $20,000$

Preferred shares, $$10$ cumulative,

$1,000$ shares outstanding $250,000$

Retained earnings $250,000$

Unearned revenue $15,000$

Required

Prepare the shareholders$$ equity section of the balance sheet on December $31,$ Year $2.$