Larkspur Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares on December 31, 2021, there were 31.000 common and 1.000 preferred share issued. The common shares had been issued at an average per share amount of $10 the preferred shares at $105. The balance in the Retained Earnings account on January 1, 2021. was $295.000. Durint 2021, the company had profit of $117.000 and declared a total of $5.500 of dividends, of which $46,500 w paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021 LARKSPUR LIMITED Balance Sheet (Partial) 00:50 LARKSPUR LIMITED Balance Sheet (Partial) Calcutate return on equity for 2021. Assume there were no changes in the Common Shares and Preferred Shares accounts during the year round answer to 2 decimal places, os 52.75%) Return on equity e Textbook and Media List of Accounts