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CarFind Inc. showed the following equity information at December 31, 2019 Common shares, unlimited shares authorized, 5, 100, 000 shares issued and outstanding Retained earnings

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CarFind Inc. showed the following equity information at December 31, 2019 Common shares, unlimited shares authorized, 5, 100, 000 shares issued and outstanding Retained earnings 3 1.137,500 1,517,500 On April 1, 2020, 310,000 common shares were issued at $0.80 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 $2.68, $1.96, and $2.36, 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 $1597,500. 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 Total equity S 0

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