The following information is available for Beauvalon Inc. for the preparation of its September 30, 2024, financial statements:

Income before taxes ..........................................................................................$ 265,400
Income tax expense .............................................................................................$ 62,600
Other comprehensive income (loss) .................................................................$ (12,300)
Earnings per share ..................................................................................................$ 1.878
Dividends declared, common .............................................................................$ 40,000
Dividends declared, preferred ............................................................................$ 15,000
Retained earnings, October 1, 2023 ..............................................................$1,457,850
Accumulated other comprehensive income, October 1, 2023 ......................$ 43,700
Share capital, common shares, October 1, 2023 ........................................$2,000,000
Share capital, preferred shares, October 1, 2023 .........................................$ 500,000

Beauvalon did not issue or buy back any shares during the year.

Required 

a. Prepare the shareholders’ equity section of the statement of financial position as at September 30, 2024.
b. How many common shares does Beauvalon have outstanding?