Courtland Corp. showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $14. b. The common shares had sold for an average price of $8. c. Retained Earnings at December 31, 2013, was 310,000. During 2014, net income earned was $350,000. The board of directors declared a total cash dividend of $120,000 Use this information to complete the equity section of the balance sheet. Courtland Corp. Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $3.00 non-cumulative: 500.000 shares authorized: shares issued and outstanding, Common shares; unlimited shares authorized: 275.000 shares issued and outstanding Total contributed capital 6,960,000 Retained earnings... Total equity