ABC Inc. showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $12. b. The common shares had sold for an average price of $5. C. Retained Earnings at December 31, 2013, was $440,000. During 2014, net income earned was $450,000. The board of directors declared a total cash dividend of S155,000. Use this information to complete the equity section of the balance sheet. ABC Inc. Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $2.50 non-cumulative; 800,000 shares authorized; shares issued and outstanding, Common shares; unlimited shares authorized: 250,000 shares issued and outstanding. Total contributed capital, 5.510,000 Retained earnings.... Total equity