Jacobs Corporation has the following shareholders' equity on December 31, 2014: Share Capital Shareholders' equity $10 convertible preferred shares, 10,000 shares authorized, 5,000 shares issued Common shares, no par value, 200,000 shares authorized, 90,000 shares issued Total share capital. Retained earnings Total shareholders' equity $ 570,000 1,800,000 2,370,000 450,000 $ 2,820,000