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Question 4 [5 points) Oppong Corporation showed the following equity information as at December 31, 2014 a The preferred shares had sold for an average price of $17 Retained Earnings at December 31, 2013, was $330,000 Duning 2014, net income earned was $300,000. The board of directors declared a total cash dividend of 115,000 Use this information to complete the equity section of the balance sheet Oppong Corporation Equity Section of the Balance Sheet December 31, 2014 Contributed capital Preferred shares, 51 50 non cumulative, 400,000 shares authorized 40,000 shares issued and outstanding Common shares unlimited shares authorized shares issued and outstanding, Total contributed capital Retained earnings Total equity 3,195,000