CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 4,800,000 shares issued and outstanding Retained earnings $1,185,000 1,422,500 On April 1, 2020, 280,000 common shares were issued at $0.70 per share. On June 1, the board of directors declared a 10% 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, an July 1 were $2.78, $1.86, and $2.16, 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 $1,492,500. Required: Prepare the company's equity section on the December 31, 2020, balance sheet. CARFIND INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Retained earnings Common shares, unlimited shares authorized, 11,176,000 shares issued and outstanding Total equity $ 0