Benson Inc showed the following equity information as at December 31, 2014 a The preferred shares had sold for an average price of $19. b The common shares had sold for an average pnce of $10 Retained Earnings at December 31, 2013, was $150,000 Dunng 2014, net income earned was $400,000 The board of directors declared a total cash dividend of $150 000 Use this formation to complete the equity section of the balance sheet Benson Inc Equity Sechon of the Balance Sheet December 31, 2014 Contnbuted capital Preferred shares, S2 50 non-cumulative, 450,000 shares authorized, 215.000 shares issued and outstanding Common shares, unlimited shares authorized shares issued and outstanding Total contributed capital Retained earnings Total equity 7.585,000