Sharp Inc. ended 2019 with $20,000 in common shares, $15,000 in $0.50 preferred shares and retained earnings of $49,500. During 2020, no shares were sold or repurchased, the business earned net income of $50,000 and it paid cash dividends in the amount of $15,000. Create Sharp’s statement of shareholders’ equity for the year ended December 31, 2020.