The shareholders' equity section of Fryman Company showed the following details as at January 1, 2021: The following events related to equity occurred in 2021: Feb. 5 Repurchased and cancelled 15,000 common shares at $8 per share. March 10 Purchased a building for $1,000,000. The seller agreed to receive 28,000 preferred shares and 30,000 common shares of Fryman in exchange for the building. The preferred shares were trading in the market at $25 per share on that day. July 1 Declared the semi-annual cash dividend of $0.50 per common share and the required dividend on preferred shares, payable on August 1 to shareholders of record on July 21. The annual dividend of \$1 per preferred share had not been paid in either 2019 or 2020. August 1 Paid the cash dividend declared on July 1 to both common and preferred shares. Dec. 31 Determined that net earnings for the year amounted to $385,000. Required: Prepare the shareholders' equity section of Fryman's statement of financial position as at December 31, 2021. Journal entries are not required