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% Exercise 14-17 (similar to) The shareholders' equity of Inspiration Management Corp. as of January 1, 2020, follows: .: (Click the icon to view the shareholders' equity at the end of 2020.) More Info Inspiration Management Corp. completed the following transactions during 2020: (Click on the icon to view the transactions.) Raamid Data Table Feb. 6 Declared the requires $0.23 per share cash 26 Paid the cash divider Jun.4 Purchased 4,000 of Jul. 5 Distributed a 2-for-1 The net loss for the year was $73 376,000 2.775,000 Shareholders' Equity Contributed capital Preferred shares, $7.00, noncumulative 10,000 shares authorized, 4,700 shares issued and outstanding Common shares, unlimited shares authorized, 185,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity 3,151,000 627,500 3,778,500 Print Done All parts showing i More Info Feb. 6 Declared the required annual cash dividend on preferred shares and a $0.23 per share cash dividend on the common shares. 26 Paid the cash dividend that was declared on February 6. Jun. 4 Purchased 4,000 of its own common shares for $16.00 per share. Jul. 5 Distributed a 2-for-1 stock split on the common shares. The net loss for the year was $73,000. Print Done Prepare the shareholders' equity section for the balance sheet for Inspiration Management Corp. as of December 31, 2020 Jul. 5 DI The net loss fo Shareholders' Equity Contributed capital Preferred shares, $7.00 noncumulative 10,000 shares authorized, 4,700 shares issued and outstanding Common shares, unlimited shares authorized, 362,000 shares issued and outstanding Total contributed capital $ 376,000 2,715,000 3,091,000 475,050 3,566,050 Retained earings Total shareholders' equity