create a a balance sheet

Marin 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, 2024, there were 45,500 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, 2024, was $373,100. During 2024, the company had profit of $162,500 and declared a total of $97,500 of dividends, of which $73,125 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2024. em D Balance Sheet (Partial) December 31, 2024 w