Question $2(20$ marks$)$

The shareholder equity section of Sinclair Inc.$\text{'}$s statement of financial position as at December $31,2020$ was as follows:

Contributed capital:

Preferred shares: $$4\mathrm{.}00,$ cumulative, fully participating, $1,000,000$ authorized, $150,000$

issuedPrepare the shareholder equity section of Sinclair inc.$\text{'}$s statement of financial position as at December $31",2021(4$ marks$)$ and outstanding

$\backslash$table$[[$$$6,000,000$