CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 5,400,000 shares issued and outstanding Retained earnings $1,252,500 1,477,500 On April 1, 2020, 340,000 common shares were issued at $1.00 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, and July 1 were $3.18, $2.16, and $2.76, 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 $1,435,000. 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: Cash