The following information is available for Beauvalon Inc. for the preparation of its September 30, 2020, financial statements: Income before taxes Income tax expense Other comprehensive income (loss) Earnings per share Dividends declared, common $318,050 $62,000 $(11,600) $1.790 $55,000 Dividends declared, preferred $14,400 Retained earnings, October 1, 2019 $1,455,000 Accumulated other comprehensive income, October 1, 2019 $43,500 Share capital, common shares, October 1, 2019 $2,800,000 Share capital, preferred shares, October 1, 2019 $570,000 Beauvalon did not issue or buy back any shares during the year. Your answer is partially correct. Prepare the shareholders' equity section of the statement of financial position as at September 30, 2020. (Hint: Identify which accounts will appear in the equity section and then calculate the year-end balances in those accounts.) Shareholders' equity, September 30, 2020: Share Capital Common Shares Preferred Shares Total Share Capital Retained Earnings Accumulated Other Comprehensive Income Total Shareholders' Equity 2,800,000 570,000 +A $ 3,370,000 1,641,850 31,900 5043750