Car find INC. showed the following equity information on December 31, 2019: Common shares, unlimited shares authorized; 4,000,000 shares issued and outstanding Retained Earnings -$1,004,480 1,312,000 On april 1, 2020, 200,000 common shares were issued at $0.60 per share. On june 1, the board of directors declared a 15% share dividend to shareholders of record on June 15; the distributions date was July 1. The market prices of the shares on June 1, June 15 and July 1 were $2.08,$1.76 and $1.96 resp. On dec 11, the board of directors declared a 2:1 share split to shareholders of record on Dec 15; the distribution date was Dec 20. Profit earned during the year was $1,400,000. Required: Prepare the company's equity section on Dec 31, 2020, Balance sheet.