There are 1,500 preferred and 75.000 common snares issuec. Instructions a. Prepare the statement of retained earnings, and the shareholders' equity section of the balance sheet. b. Calenlate return on equity. Note: No shares were issued during the year. Taking It Further Why is it important that retained earnings be tracked and presented separately from share capital in the balance sheet? Calculate renam on assets and equity, and comnent. .

1. There are 1,500 preferred and 75.000 common snares issuec. Instructions a. Prepare the
statement of retained earnings, and the shareholders' equity section of the balance sheet. b.
Calenlate return on equity. Note: No shares were issued during the year. Taking It Further Why
is it important that retained earnings be tracked and presented separately from share capital in the
balance sheet? Calculate renam on assets and equity, and comnent.