Exercise 12-7 Retained earnings, dividend distribution LO2, 5 The December 31, 2020, equity section of Zoom Zoom Inc.'s balance sheet appears below. Zoom Zoom Inc. Equity Section of the Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $3.75 cumulative, 34,000 shares authorized and issued Preferred shares, $10 non-cumulative, 8,600 shares authorized and issued Common shares, 340,000 shares authorized and issued Total contributed capital Retained earnings Total equity $1,600,000 610,000 1,690,000 $3,900, eee 711,600 $4,611,600 What should be considered before someone cosigns a loan with someone else? Check all that apply. That mailing address are up-to-date for possible notices Increased personal liability Is your personal credit score high enough? Ability to make payments The state law