Windsor 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 34,000 common and 1,300 preferred shares 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 $283,500. During 2021, the company had profit of $117,500 and declared a total of $69,500 of dividends, of which $52,500 was paid during the year. (a) Prepare the shareholders' equity section of the balance sheet on December 31, 2021. WINDSOR LIMITED Balance Sheet (Partial) $ $ List of Accounts