Common shares, unlimited shares authorized: 5,700,000 shares issued and outstanding Retained earnings $1,167,500 1,560,000 On April 1, 2020, 370,000 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 $2.78, $1.96, and $2.26, respectively. On December 11, the board of directors declared a 2:1 share spilt to shareholders of record on December 15; the distribution date was December 20. Profit earned during the year was $1,497,500. 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: 0 Total equity $