CarFind Inc. showed the following equity information at December $31,2022.$

Common shares, unlimited shares authorized; $4,400,000$ shares issued and outstanding $ $1,027,500$

Retained earnings $1,375,000$

On April $1,2023,240,000$ common shares were issued at $$0\mathrm{.}70$ per share. On June $1,$ the board of directors declared a $5\%$ share dividend to shareholders of record on June $15$; the distribution date was July $1.$ The market prices of the shares on June $1,$ June $15,$ and July $1$ were $$2\mathrm{.}78,$ $$1\mathrm{.}86,$ and $$2\mathrm{.}56,$ respectively. On December $11,$ the board of directors declared a $2$:$1$ share split to shareholders of record on December $15$; the distribution date was December $20.$ Profit earned during the year was $$1,457,500.$

Required:

Prepare the company$$s equity section on the December $31,2023,$ balance sheet.