50 b. Prepare the equity section of Fast Car's balance sheet at December 31, 2023. (Amounts to be deducted should be indicated b minus sign.) Contributed capital Preferred shares, $1.50, 50,000, shares authorized, 16,600, shares issued and outstanding Common shares 300,000 shares authorized, 37,000, shares issued and outstanding + Total contributed capital FAST CARS INC. Equity Section of the Balance Sheet December 31, 2023 Total equity $ 218,530 351,450 S 569,980